Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 73

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 73
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 also engage in other activities that stabilize,
maintain or otherwise affect the price of the Class A common shares, including the imposition of penalty bids. This means that if
the representatives of the underwriters purchase Class A common shares in the open market in stabilizing transactions or to cover
short sales, the representatives can require the underwriters that sold those Class A common shares as part of this offering to repay
the underwriting discount received by them.

These activities may have the effect of raising
or maintaining the market price of the common stock or preventing or retarding a decline in the market price of the common stock, and,
as a result, the price of the common stock may be higher than the price that otherwise might exist in the open market. If the underwriters
commence these activities, they may discontinue them at any time. The underwriters may carry out these transactions on Nasdaq, in the
over-the-counter market or otherwise.

In addition, in connection with this offering
certain of the underwriters (and selling group members) may engage in passive market making transactions in our common stock on Nasdaq
prior to the pricing and completion of this offering. Passive market making consists of displaying bids on Nasdaq no higher
than the bid prices of independent market makers and making purchases at prices no higher than these independent bids and effected in
response to order flow. Net purchases by a passive market maker on each day are generally limited to a specified percentage
of the passive market maker’s average daily trading volume in the common stock during a specified period and must be discontinued
when such limit is reached. Passive market making may cause the price of our common stock to be higher than the price that
otherwise would exist in the open market in the absence of these transactions. If passive market making is commenced, it may
be discontinued at any time.

Other than in the United States, no action has
been taken by us, the selling shareholder or the underwriters that would permit a public offering of the securities offered by this prospectus
supplement in any jurisdiction where action for that purpose is required. The securities offered by this prospectus supplement may not
be offered or sold, directly or indirectly, nor may this prospectus supplement or any other offering material or advertisements in connection
with the offer and sale of any such securities be distributed or published in any jurisdiction, except under circumstances that will result
in compliance with the applicable rules and regulations of that jurisdiction. Persons into whose possession this prospectus supplement
comes are advised to inform