Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 100

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 100
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 of Association. This is not a summary of all the significant provisions of our Articles
of Association, of the Companies Act or of the common law of the Cayman Islands and does not purport to be complete. Capitalized terms
used but not defined herein have the meanings given to them in our 2024 Form 20-F.

Share Capital

The Articles of Association authorize two classes
of common shares: Class A common shares, which are entitled to one vote per share and Class B common shares, which are entitled to five
votes per share and to maintain a proportional ownership interest in the event that additional Class A common shares are issued. Any
holder of Class B common shares may convert his or her shares at any time into Class A common shares on a share-for-share basis. The
rights of the two classes of common shares are otherwise identical, except as described below. See “—Anti-Takeover Provisions in our Articles of Association—Two Classes of Common Shares.”

At the date of this prospectus, our total authorized
share capital was US$3,000,000, divided into 1,500,000,000 shares par value US$0.002 each, of which:

| · | 1,000,000,000 shares are designated as Class A common shares; and |

| · | 250,000,000 shares are designated as Class B common shares. |

The remaining 250,000,000 authorized but unissued
shares are presently undesignated and may be issued by our board of directors as common shares of any class or as shares with preferred,
deferred or other special rights or restrictions.

As of June 30, 2025, we had a total issued share
capital of US$624,917, divided into 312,458,403 common shares, comprising 164,649,324 Class A common shares, 18,754,887 Class A common
treasury shares held by us and 129,054,192 Class B common shares. Subsequent to June 30, 2025, all shares in treasury were canceled.

Treasury Stock

As of June 30, 2025, dLocal had 18,754,887 Class
A common shares in treasury. Subsequent to June 30, 2025, all shares in treasury were canceled.

Issuance of Shares

Except as expressly provided in dLocal’s
Articles of Association, dLocal’s board of directors has general and unconditional authority to allot, grant