Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against PicS N.V. a/ka PicPay Holdings (PICS) And Encourages Investors to Reach Out

NEW YORK CITY, NY / ACCESS Newswire / April 22, 2026 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of PicS N.V. a/ka PicPay Holdings ("PicPay" or "the Company") (NASDAQ:PICS). Investors who purchased PicPay securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/PICS.

PicPay Investigation Details

On March 18, 2026, PicPay released its fourth quarter 2025 financial results and revealed that, as part of the Company's "annual review of expected credit loss parameters," it had made several "enhancements" to its Expected Credit Loss ("ECL") calculations, and "implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3." As a result, "R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 [$17.56 million USD]." Stage 3 is the Company's highest risk category for its credit portfolio. Following this news, PicPay's stock price dropped.

What's Next for PicPay Investors?

If you are aware of any facts relating to this investigation or purchased PicPay securities, you can assist this investigation by visiting the firm's site: bgandg.com/PICS. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 917-590-0911

No Cost to PicPay Investors

We, Bronstein, Gewirtz & Grossman, LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for PicPay Securities Investigation?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Contact Info

Peretz Bronstein, Esq. or Nathan Miller

Bronstein, Gewirtz & Grossman, LLC

917-590-0911 | [email protected]

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SOURCE: Bronstein, Gewirtz & Grossman, LLC