Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 120

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 120
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 of the plan of distribution with a description of the offering, including the particular terms and conditions
thereof, set forth in an applicable prospectus supplement relating to those securities.

Each prospectus supplement with respect to Class
A common shares will set forth the terms of the offering of those Class A common shares, including the name or names of any underwriters
or agents, the price of such Class A common shares and the net proceeds to us from such sale, any underwriting discounts, commissions
or other items constituting underwriters’ or agents’ compensation, any discount or concessions allowed or reallowed or paid
to dealers and any securities exchanges on which those Class A common shares may be listed.

We and any selling shareholder may sell the Class
A common shares:

| · | through agents; |

| · | to or through underwriters or dealers; |

| · | directly to purchasers; or |

| · | through a combination of any of these methods of sale. |

Any underwriters or agents will be identified
and their discounts, commissions and other items constituting underwriters’ compensation and any securities exchanges on which the
Class A common shares are listed will be described in the applicable prospectus supplement.

Underwriters

If we or any selling shareholders use underwriters
in the sale, we or the selling shareholders will enter into an underwriting agreement, and a prospectus supplement will set forth the
names of the underwriters and the terms of the transaction. The underwriters will acquire securities for their own account and may resell
the securities from time to time in one or more transactions, including negotiated transactions, at a fixed public offering price or at
varying prices determined at the time of sale. Unless otherwise stated in the prospectus supplement, various conditions to the underwriters’
obligation to purchase securities apply, and the underwriters will be obligated to purchase all of the securities contemplated in an offering
if they purchase any of such securities. Any initial public offering price and any discounts or concessions allowed or reallowed or paid
to dealers may be changed from time to time.

We or any selling shareholders may enter into
derivative or other hedging transactions with third parties, or sell securities not covered by this prospectus to third parties in privately
negotiated transactions. If the applicable prospectus supplement indicates, in connection with those derivatives, the third parties may
sell securities covered by this prospectus and the applicable prospectus supplement, including in short sale transactions. If so, the
third party may