Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 33

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 33
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 in our services. As a result, such allegations may impact our revenues by damaging our reputation, confidence in our services and relationships with our existing customers and potential new customers. For example, we may need to offer more favorable terms to new or existing customers, such as shorter settlement cycles, or we may be required to deliver letters of credit as a condition to doing business with certain customers, or we could lose certain lines of credit (in

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each case either temporarily or permanently), which would have an adverse effect on our business. As a result, even allegations that lack merit may materially negatively impact the results of our operations.

We believe that the class action securities claims
filed against us are in significant part a result of negative publicity by a short seller. For more information, see “Item 8. Financial
Information―A. Consolidated Statements and Other Financial Information―Legal Proceedings“ in our 2024 Form 20-F. We
cannot predict the timing, outcome or consequences of such actions, and we cannot assure you that our defenses will be successful or whether
we will be subject to any damages, or how much. Whether or not we prevail in such proceedings, we may incur significant expenses defending
them, which may materially and adversely affect our financial condition and results of operations.

Failure to meet any financial performance guidance or other forward-looking statements we may provide to the public could result in a decline in our stock price.

We provide public guidance on certain of our expected
financial and operating results, and we may continue providing guidance on these or other results or other forward-looking information
for future periods. When we provide guidance, we believe that this guidance provides investors and analysts with a better understanding
of management’s expectations for the future and is useful to our existing and potential shareholders, but such guidance is comprised
of forward-looking statements subject to the risks and uncertainties described in this prospectus. Our guidance is based on current management
expectations and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements
to be materially different from any future results, performances or achievements expressed or implied by the guidance. In addition, unless required by law, wehave no obligation to publicly update or revise our guidance to reflect circumstances or events after the date
of this prospectus. If our financial results for a particular period do not meet any guidance we provide or the expectations of market
participants, or if we reduce any guidance for future periods, the market