In addition, the Company has been informed by certain of its shareholders, including General Atlantic DO B.V., Andres Bzurovski Bay, dLocal co-founder and Board Member; Alberto Eduardo Azar, chairman of the Board; Sergio Enrique Fogel Kaplan, dLocal co-founder and Board Member; Sebastian Kanovich, CEO; and Jacobo Singer, President; that such shareholders expect to engage in open market transactions to acquire additional shares of the Company’s outstanding Class A common shares in compliance with SEC Rules 10b5-1 and/or 10b-18. Any such purchases are subject to market conditions, and there can be no assurance that such shareholders, or any agent acting on their behalf, will acquire any particular amount of Class A common shares. Sebastian Kanovich, dLocal’s CEO, stated, "These proposed share purchases attest to management’s and key shareholders’ confidence in dLocal’s current and future prospects."
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