Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 65

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 65
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 person (or persons whose shares are aggregated) who is not deemed to have been an affiliate of ours at any time during the three
months preceding a sale, and who has beneficially owned restricted securities within the meaning of Rule 144 for at least six months
(including any period of consecutive ownership of preceding non-affiliated holders) would be entitled to sell those shares,
subject only to the availability of current public information about us. A non-affiliated person who has beneficially owned
restricted securities within the meaning of Rule 144 for at least one year would be entitled to sell those shares without regard
to the provisions of Rule 144.

A person (or persons whose shares are aggregated)
who is deemed to be an affiliate of ours and who has beneficially owned restricted securities within the meaning of Rule 144 for
at least six months would be entitled to sell within any three-month period a number of shares that does not exceed the greater of one
percent of the then issued and outstanding shares of our Class A common shares or the average weekly trading volume of our Class A
common shares during the four calendar weeks preceding such sale. Such sales are also subject to certain manner of sale provisions, notice
requirements and the availability of current public information about us.

<div align='center'>S-43

Underwriting</div>

The selling shareholder is offering the Class A
common shares described in this prospectus supplement through a number of underwriters. J.P. Morgan Securities LLC, Goldman Sachs &
Co. LLC and Morgan Stanley & Co. LLC are acting as global coordinators of the offering and as representatives of the underwriters.
We have entered into an underwriting agreement with the underwriters and the selling shareholder. Subject to the terms and conditions
of the underwriting agreement, the selling shareholder has agreed to sell to the underwriters, and each underwriter has severally agreed
to purchase from the selling shareholder, at the public offering price less the underwriting discounts and commissions set forth on the
cover page of this prospectus, the number of Class A common shares listed next to its name in the following table:

| Underwriter                            |                   Number 
 of Class A Common Shares |
| J.P. Morgan Securities LLC             |                4,125,000 |
| Goldman Sachs & Co. LLC                |                4,125,000 |
| Morgan Stanley & Co. LLC               |                3,000,000 |
| Banco BTG Pactual S.A. - Cayman Branch |                1,875