Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 68

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 68
---
 U.S. law.

The underwriters are committed to purchase all
the Class A common shares offered by the selling shareholder if they purchase any shares. The underwriting agreement also provides
that if an underwriter defaults, the purchase commitments of non-defaulting underwriters may also be increased or the offering may be
terminated.

The underwriters propose to offer the Class A
common shares directly to the public at the initial public offering price set forth on the cover page of this prospectus supplement and
to certain dealers at that price less a concession not in excess of US$ per
share. Any such dealers may resell Class A common shares to certain other brokers or dealers at a discount of up to US$
per share from the initial public offering price. After the initial offering of the Class A common shares to the public, if all of
the Class A common shares are not sold at the initial public offering price, the underwriters may change the offering price and the
other selling terms. Sales of any Class A common shares made outside of the United States may be made by affiliates of the underwriters.
The offering of the shares by the underwriters is subject to receipt and acceptance and subject to the underwriters’ right to reject
any order in whole or in part.

The underwriters have an option to buy up to 2,250,000
additional Class A common shares from the selling shareholder to cover sales of Class A common shares by the underwriters which
exceed the number of shares specified in the table above. The underwriters have 30 days from the date of this prospectus supplement
to exercise this option to purchase additional Class A common shares. If any Class A common shares are purchased with this option
to purchase additional shares, the underwriters will purchase Class A common shares in approximately the same proportion as shown
in the table above. If any additional Class A common shares are purchased, the underwriters will offer the additional Class A
common shares on the same terms as those on which the Cass A common shares are being offered.

The underwriting fee is equal to the public offering
price per Class A common share less the amount paid by the underwriters to the selling shareholder per Class A common share.
The underwriting fee is US$ per Class A common share. The following
table shows the per share and total underwriting discounts and commissions to be paid to the underwriters assuming both no exercise and
full exercise of the underwriters’ option to purchase additional Class A common shares.

|                                                                           | Per