{"success":true,"data":{"pressRelease":{"id":"56381","rtpr_id":"nGNX7tDWhg","ticker":"PICS","exchange":"NASDAQ","all_tickers":["PICS"],"title":"PicS N.V. / PicPay Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses","author":"Globe Newswire","published_at":"2026-06-05T13:48:28.112Z","article_body":"SAN DIEGO, June 05, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is\ninvestigating potential claims on behalf of investors of PicS N.V. (NASDAQ:\nPICS). The investigation focuses on PicPay’s executive officers and whether\ninvestor losses may be recovered under federal securities laws.\n\nWhat if I purchased PicPay securities?\nIf you purchased PicPay securities and suffered losses on your investment,\njoin our investigation now: Click here to join the investigation\n(https://www.globenewswire.com/Tracker?data=YTR8YCui6jft9hX4W6AkTB7fqdOyhSOaL5DRCbISLDhvFHo4Nc2zCfMAHH5GhN5LLVE3V-SV20CzrhppWcZdxoQOjBJhrvUpoAJCd2UamzmZHSs0KPxe4E-vY_RivEuS9m5ae7y2ieSfY6XAnw8PVoXpG5BylJieyoIOFeDFlNk=).\nOr for more information, contact Jim Baker at jimb@johnsonfistel.com or (619)\n814-4471.\nThere is no cost or obligation to you.\n\nBackground of the investigation\nOn March 19, 2026, PicS N.V. furnished a Form 6-K reporting its financial\nresults and related disclosures regarding its credit portfolio.\n\nAmong other things, the Company disclosed that it reclassified a portion of\nits credit portfolio from Stage 2 to Stage 3 and recorded an increase of\napproximately BRL 88 million in expected credit loss.\n\nDuring the Company’s March 18, 2026 earnings call, Chief Financial Officer\nRodrigo Luis Couto further stated:\n\n“Our portfolio is still relatively young, which means that as the time\npasses, the amount of information we incorporate is quite substantial relative\nto what we had before. And as we had more information, we were able to detect\na part of our portfolio that was in Stage 2 that had characteristics that\nwould be more appropriate to be classified in Stage 3. So we did the\nreclassification. The level of provisioning of those credits was already high,\naround 60%. It went up to 75%, and that had an impact of BRL 88 million in our\nprovision expense. So it’s basically the result of us learning more about\nthe performance of our portfolio and making the necessary adjustments to our\nECL models to make sure that we have the correct measurement at every point in\ntime.”\n\nFollowing these disclosures, the price of PicPay’s stock declined, damaging\ninvestors.\n\nIn light of this disclosure, Johnson Fistel is investigating whether PicPay\ncomplied with the federal securities laws. If you suffered losses from your\ninvestment in PicPay stock, contact Johnson Fistel.\n\nAbout Johnson Fistel, PLLP | Securities Fraud & Investor Rights\nJohnson Fistel, PLLP is a nationally recognized shareholder-rights law firm\nwith offices in California, New York, Georgia, Idaho, and Colorado. The firm\nrepresents individual and institutional investors in shareholder derivative\nand securities class action lawsuits and also assists foreign investors who\npurchased shares on U.S. exchanges. To learn more, visit\nwww.johnsonfistel.com.\n\nAchievements\nIn 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS\nSecurities Class Action Services, reflecting the firm’s effectiveness in\nadvocating for investors and recovering approximately $90,725,000 for clients\nin cases where it served as lead or co-lead counsel.\n\nAttorney advertising.\nPast results do not guarantee future outcomes.\nServices may be performed by attorneys in any of our offices.\nJohnson Fistel, PLLP has paid for the dissemination of this promotional\ncommunication, and Frank J. Johnson is the attorney responsible for its\ncontent.\n\nContact\nJohnson Fistel, PLLP\n501 W. Broadway, Suite 800\nSan Diego, CA 92101\nJames Baker, Investor Relations – or – Frank J. Johnson, Esq.\n(619) 814-4471 | jimb@johnsonfistel.com | fjohnson@johnsonfistel.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7tDWhg","title":"PicS N.V. / PicPay Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses","author":"Globe Newswire","ticker":"PICS","created":"2026-06-05T13:48:28.112Z","tickers":["PICS"],"exchange":"NASDAQ","article_body":"SAN DIEGO, June 05, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is\ninvestigating potential claims on behalf of investors of PicS N.V. (NASDAQ:\nPICS). The investigation focuses on PicPay’s executive officers and whether\ninvestor losses may be recovered under federal securities laws.\n\nWhat if I purchased PicPay securities?\nIf you purchased PicPay securities and suffered losses on your investment,\njoin our investigation now: Click here to join the investigation\n(https://www.globenewswire.com/Tracker?data=YTR8YCui6jft9hX4W6AkTB7fqdOyhSOaL5DRCbISLDhvFHo4Nc2zCfMAHH5GhN5LLVE3V-SV20CzrhppWcZdxoQOjBJhrvUpoAJCd2UamzmZHSs0KPxe4E-vY_RivEuS9m5ae7y2ieSfY6XAnw8PVoXpG5BylJieyoIOFeDFlNk=).\nOr for more information, contact Jim Baker at jimb@johnsonfistel.com or (619)\n814-4471.\nThere is no cost or obligation to you.\n\nBackground of the investigation\nOn March 19, 2026, PicS N.V. furnished a Form 6-K reporting its financial\nresults and related disclosures regarding its credit portfolio.\n\nAmong other things, the Company disclosed that it reclassified a portion of\nits credit portfolio from Stage 2 to Stage 3 and recorded an increase of\napproximately BRL 88 million in expected credit loss.\n\nDuring the Company’s March 18, 2026 earnings call, Chief Financial Officer\nRodrigo Luis Couto further stated:\n\n“Our portfolio is still relatively young, which means that as the time\npasses, the amount of information we incorporate is quite substantial relative\nto what we had before. And as we had more information, we were able to detect\na part of our portfolio that was in Stage 2 that had characteristics that\nwould be more appropriate to be classified in Stage 3. So we did the\nreclassification. The level of provisioning of those credits was already high,\naround 60%. It went up to 75%, and that had an impact of BRL 88 million in our\nprovision expense. So it’s basically the result of us learning more about\nthe performance of our portfolio and making the necessary adjustments to our\nECL models to make sure that we have the correct measurement at every point in\ntime.”\n\nFollowing these disclosures, the price of PicPay’s stock declined, damaging\ninvestors.\n\nIn light of this disclosure, Johnson Fistel is investigating whether PicPay\ncomplied with the federal securities laws. If you suffered losses from your\ninvestment in PicPay stock, contact Johnson Fistel.\n\nAbout Johnson Fistel, PLLP | Securities Fraud & Investor Rights\nJohnson Fistel, PLLP is a nationally recognized shareholder-rights law firm\nwith offices in California, New York, Georgia, Idaho, and Colorado. The firm\nrepresents individual and institutional investors in shareholder derivative\nand securities class action lawsuits and also assists foreign investors who\npurchased shares on U.S. exchanges. To learn more, visit\nwww.johnsonfistel.com.\n\nAchievements\nIn 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS\nSecurities Class Action Services, reflecting the firm’s effectiveness in\nadvocating for investors and recovering approximately $90,725,000 for clients\nin cases where it served as lead or co-lead counsel.\n\nAttorney advertising.\nPast results do not guarantee future outcomes.\nServices may be performed by attorneys in any of our offices.\nJohnson Fistel, PLLP has paid for the dissemination of this promotional\ncommunication, and Frank J. Johnson is the attorney responsible for its\ncontent.\n\nContact\nJohnson Fistel, PLLP\n501 W. Broadway, Suite 800\nSan Diego, CA 92101\nJames Baker, Investor Relations – or – Frank J. Johnson, Esq.\n(619) 814-4471 | jimb@johnsonfistel.com | fjohnson@johnsonfistel.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-05T13:48:28.154243034Z","server_sent_at_ms":1780667308154},"received_at":"2026-06-05T13:48:28.208Z","source_url":null},"analysis":{"id":"45808","press_release_id":"56381","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"legal_litigation","narrative":"Johnson Fistel issued a shareholder-solicitation notice naming PicS N.V. 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