Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 32

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 32
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, but such guidance is comprised
of forward-looking statements subject to the risks and uncertainties described in this prospectus. Our guidance is based on current management
expectations and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements
to be materially different from any future results, performances or achievements expressed or implied by the guidance. In addition, unless required by law, wehave no obligation to publicly update or revise our guidance to reflect circumstances or events after the date
of this prospectus. If our financial results for a particular period do not meet any guidance we provide or the expectations of market
participants, or if we reduce any guidance for future periods, the market price of our Class A common shares may decline.

Following this offering, holders of our Class B
common shares will together continue to own 43.94% of our outstanding common shares and 79.67% of corresponding voting rights, and will
have the power, as a group, to elect a majority of the members of our board of directors, which means that these shareholders, when acting
in concert, will have significant influence over matters requiring shareholder approval. This concentration of ownership and voting power
limits your ability to influence corporate matters.

Immediately following this offering, holders of
our Class B common shares will continue to beneficially own 43.94% of our outstanding common shares and 79.67% of corresponding voting
rights. As a result, these shareholders, when acting in concert, exercise significant influence over all decisions at our shareholders’
meetings. In addition, for so long as they hold our Class B common shares, such holders shall be entitled to appoint at least a majority
of the members of our board of directors. They will also, when acting in concert, have significant influence to direct our actions in
areas such as business strategy, financing, distributions, acquisitions and dispositions of assets or businesses. For example, our existing
Class B common shareholders may exercise their voting power in a manner to cause us to make acquisitions that increase the amount
of our indebtedness or outstanding common shares, sell revenue-generating assets or inhibit change of control transactions that may benefit
other shareholders. The decisions of our Class B common shareholders on these matters may be contrary to your expectations or preferences,
and they may take actions that could be contrary to your interests. They may, when acting in concert, be able to prevent any other shareholders,
including you, from blocking these actions. For further information regarding shareholdings