Company: DLO
Filing Date: 2025-09-03
Form Type: 424B3
Source: 0000950103-25-011193
Chunk: 102

Company: dLocal Ltd
Filing Date: 2025-09-03
Form: 424B3
Chunk 102
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,000,000 shares are designated as Class A common shares; and |

| · | 250,000,000 shares are designated as Class B common shares. |

The remaining 250,000,000 authorized but unissued
shares are presently undesignated and may be issued by our board of directors as common shares of any class or as shares with preferred,
deferred or other special rights or restrictions.

As of June 30, 2025, we had a total issued share
capital of US$624,917, divided into 312,458,403 common shares, comprising 164,649,324 Class A common shares, 18,754,887 Class A common
treasury shares held by us and 129,054,192 Class B common shares. Subsequent to June 30, 2025, all shares in treasury were canceled.

Treasury Stock

As of June 30, 2025, dLocal had 18,754,887 Class
A common shares in treasury. Subsequent to June 30, 2025, all shares in treasury were canceled.

Issuance of Shares

Except as expressly provided in dLocal’s
Articles of Association, dLocal’s board of directors has general and unconditional authority to allot, grant options over, offer
or otherwise deal with or dispose of any unissued shares in the company’s capital without the approval of our shareholders (whether
forming part of the original or any increased share capital), either at a premium or at par, with or without preferred, deferred or other
special rights or restrictions, whether in regard to dividend, voting, return of capital or otherwise and to such persons, on such terms

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and conditions, and at such times as the directors
may decide, but so that no share shall be issued at a discount, except in accordance with the provisions of the Companies Act. In accordance
with its Articles of Association, dLocal shall not issue bearer shares.

dLocal’ Articles of Association provide
that at any time that there are Class A common shares in issue, additional Class B common shares may only be issued pursuant to (1) a
share split, subdivision of shares or similar transaction or where a dividend or other distribution is paid by the issue of shares or
rights to acquire shares or following capitalization of profits; (2) a merger, consolidation, or other business combination involving
the issuance of Class B common shares as full or partial consideration; or (3