Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 78

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 78
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, as defined in National Instrument 45-106
Prospectus Exemptions or subsection 73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in National Instrument
31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. Any resale of the Class A common shares must be
made in accordance with an exemption from, or in a transaction not subject to, the prospectus requirements of applicable securities laws.

Securities legislation in certain provinces or
territories of Canada may provide a purchaser with remedies for rescission or damages if this prospectus supplement (including any amendment
thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the purchaser within the
time limit prescribed by the securities legislation of the purchaser’s province or territory. The purchaser should refer to any
applicable provisions of the securities legislation of the purchaser’s province or territory for particulars of these rights or
consult with a legal advisor.

Pursuant to section 3A.3 of National Instrument
33-105 Underwriting Conflicts (NI 33-105), the underwriters are not required to comply with the disclosure requirements of NI 33-105 regarding
underwriter conflicts of interest in connection with this offering.

Notice to Prospective Investors in Argentina

The Class A common shares are not authorized
for public offering in Argentina by theComisión Nacional de Valores pursuant to Argentine Public Offering Law No. 17,811,
as amended, and they shall not be sold publicly. Therefore, any transaction carried out in Argentina must be made privately.

Notice to Prospective Investors in Australia

This prospectus:

| · | does not constitute a disclosure document or a prospectus under Chapter 6D.2 of the Corporations Act 2001 (Cth) (the “Corporations 
 Act”);                                                                                                                             |

| · | has not been, and will not be, lodged with the Australian Securities and Investments Commission (“ASIC”), as a disclosure               
 document for the purposes of the Corporations Act and does not purport to include the information required of a disclosure document for 
 the purposes of the Corporations Act; and                                                                                               |

| · | may only be provided in Australia to select investors who are able to demonstrate that they fall within one or more of the categories 
 of investors, available under section 708 of the Corporations Act (“Exempt Investors”).                                               |

| · | The Class A shares may not be directly