Company: DLO
Filing Date: 2025-09-03
Form Type: F-3ASR
Source: 0000950103-25-011186
Chunk: 30

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: F-3ASR
Chunk 30
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| · | 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 use securities covered by this prospectus including securities pledged by us or any selling shareholders or borrowed from
us, any selling shareholders or others to settle those sales or to close out any related open borrowing of stock, and may use securities
received from us in settlement of those derivatives to close out any related open borrowings of stock. The third party in such sale transactions
will be an underwriter and, if not identified in this prospectus, will be identified in the applicable prospectus supplement (or in a
post-effective amendment). We or any selling shareholders may also sell Class A common shares short using this prospectus and deliver
Class A common shares covered by this prospectus to close out such short positions, or loan or pledge Class A common shares to financial
institutions that in turn may sell the