Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 66

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 66
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,000 |
| Citigroup Global Markets Inc.          |                1,875,000 |
| Total                                  |               15,000,000 |

Banco BTG Pactual S.A. -Cayman Branch is not a
broker-dealer registered with the SEC, and therefore may not make sales of any the Class A common shares in the United States or to U.S.
persons except in compliance with applicable U.S. laws and regulations. To the extent that Banco BTG Pactual S.A. -Cayman Branch intends
to sell the Class A common shares in the United States, it will do so only through BTG Pactual US Capital, LLC or one or more U.S. registered
broker-dealers, or otherwise as permitted by applicable 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$0.2295 per share. Any such dealers may resell Class A common
shares to certain other brokers or dealers at a discount of up to US$0.2295 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