Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 29

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 29
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 2024 and related notes, all of which are incorporated by reference or included elsewhere in this prospectus supplement or in the accompanying prospectus to which this prospectus supplement relates.. You should also carefully review the cautionary statements referred to under “Cautionary Statement Regarding Forward-Looking Statements.” Our actual results could differ materially and adversely from those anticipated in this prospectus supplement.

Risks Relating to Our Class A Common Shares and the Offering

An active trading market for our common shares
may not be sustainable. If an active trading market is not maintained, investors may not be able to resell their shares at or above the
price they paid and our ability to raise capital in the future may be impaired.

Although our Class A common shares are listed
and traded on Nasdaq, an active trading market for our shares may not be maintained. If an active market for our Class A common shares
is not maintained, it may be difficult for you to sell shares you have purchased without depressing the market price for the shares or
at all. A lack of an active trading market may also impair our ability to raise capital to acquire other companies or technologies by
using our shares as consideration. If a market does not develop or is not maintained, the liquidity and price of our Class A
common shares could be seriously harmed.

If the trading price of our Class A common
shares fluctuates, you could lose a significant part of your investment.

The market price of our Class A common shares may be influenced by many factors, some of which are beyond our control, including:

| · | announcements by us or our competitors of significant contracts or acquisitions; |

| · | increase in competition in our markets; |

| · | significant impacts in cross-border flows between countries; |

| · | political crises, conflicts, wars and civil unrest in the countries in which we operate; |

| · | the evolving macroeconomic, currency and trade landscape globally and its potential impact on emerging markets; |

| · | the recent increase in tariffs in Mexico and other countries where we operate, along with potential trade barriers in other markets. |

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| · | technological innovations by us or competitors; |

| · | the failure of financial analysts to cover our Class A common shares or changes in financial estimates by analysts; |

| · | actual or anticipated variations in our results of operations; |

| · | changes in financial estimates by financial analysts or in the guidance that we provide to the market, or any failure