Company: DLO
Filing Date: 2025-09-04
Form Type: 424B3
Source: 0000950103-25-011286
Chunk: 118

Company: dLocal Ltd
Filing Date: 2025-09-04
Form: 424B3
Chunk 118
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 Shareholders</div>

Selling shareholders to be named in an applicable
prospectus supplement may, from time to time, offer and sell some or all of the equity securities held by them pursuant to this prospectus
and the applicable prospectus supplement. Such selling shareholders may sell equity securities held by them to or through underwriters,
dealers or agents or directly to purchasers or as otherwise set forth in the applicable prospectus supplement. See “Plan of Distribution.”
Such selling shareholders may also sell, transfer or otherwise dispose of some or all of the equity securities held by them in transactions
exempt from the registration requirements of the Securities Act.

We will provide you with a prospectus supplement,
which will set forth the name of each selling shareholder, the number of equity securities beneficially owned by such selling shareholder
and the number of equity securities they are offering. The applicable prospectus supplement also will disclose whether any of the selling
shareholders have held any position or office with, have been employed by or otherwise have had a material relationship with us during
the three years prior to the date of the applicable prospectus supplement.

<div align='center'>22

Plan of Distribution</div>

At the time of offering any securities, we will
supplement the following summary 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 under