Company: DLO
Filing Date: 2025-09-03
Form Type: F-3ASR
Source: 0000950103-25-011186
Chunk: 11

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: F-3ASR
Chunk 11
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 transaction, and, for such purposes, full rights, powers
and privileges. Our registered office is c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman
Islands.

Our Class A common shares are listed and trade
on the Nasdaq under the symbol “DLO.”

The following is a summary of the material provisions
of our authorized share capital and our Articles 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,