Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 73

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 73
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 in connection with the
vesting, settlement, or exercise of restricted share units, options, warrants or other rights to purchase common shares, or (xiii) the
pledge, hypothecation or other granting of a security interest in lock-up securities to one or more lending institutions as collateral
or security for any loan, advance or extension of credit; (b) exercise of the options, settle restricted share units or other equity
awards pursuant to plans described in this prospectus supplement or exercise warrants, (c) convert outstanding preferred shares,
warrants to acquire preferred shares or convertible securities into common shares or warrants to acquire common shares, provided that
any lock-up securities received upon such exercise, vesting or settlement would be subject to restrictions similar to those in the immediately
preceding paragraph, (d)(1) establish trading plans pursuant to Rule 10b5-1 under the Exchange Act, or (2) transfers of lock-up securities
pursuant to a Rule 10b5-1 plan existing as of the date of the lock-up agreement, in accordance with the terms of such existing 10b5-1
plan in existence as of the date of the lock-up agreement without any further amendment or modification, (e) sell common shares pursuant
to the underwriting agreement, and (f) transfers of common shares of each shareholder that were automatically released from the lock-up
agreements applicable to our initial public offering pursuant to the early release provisions set forth in such agreements.

The representatives of the underwriters, in their
sole discretion, may release the securities subject to the lock-up agreement with the underwriters described above, in whole or in part
at any time.

We and the selling shareholder have agreed to
indemnify the underwriters against certain liabilities, including liabilities under the Securities Act of 1933.

Our Class A common shares are listed on Nasdaq
under the symbol “DLO.”

In connection with this offering, the underwriters
may engage in stabilizing transactions, which involves making bids for, purchasing and selling Class A common shares in the open
market for the purpose of preventing or retarding a decline in the market price of the Class A common shares while this offering
is in progress. These

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stabilizing transactions may include making short
sales of Class A common shares, which involves the sale by the underwriters of a greater number of Class A common shares than
they are required to purchase