BENSALEM, Pa., April 5, 2023 (GLOBE NEWSWIRE) — The law firm of Howard G. Smith is continuing its investigation on behalf of DLocal Limited (“DLocal” or the “Company”) DLO Investors regarding possible violations of federal securities laws by the company.

On November 16, 2022, Muddy Waters Capital LLC (“Muddy Waters”) published a research report concluding that DLocal “is likely a scam.” Muddy Waters alleges that DLocal has made repeated disclosures about its aggregate processing volume and claims that “flatly contradict each other” and that there is “a conflicting discrepancy between the liabilities and claims of two key subsidiaries.” Muddy Waters also alleges that DLocal made multiple misstatements to obscure the timing and source of funding for an insider options exercise.

As a result of this news, DLocal’s stock price fell $10.76, or more than 50%, to close at $10.46 per share on November 16, 2022, hurting investors.

Then, on December 1, 2022, Muddy Waters released another report stating that DLocal had discussions with customers from multiple banks and stressed that it had segregated customer funds from its own. The report also said that DLocal’s calls to customers were “non-specific” and “lovely,” and that “all [the Company] Solving this problem required an explanation of how the cash flows are reconciled.”

As a result of this news, DLocal’s share price fell $2.21, or 15.1%, to close at $12.39 per share on December 1, 2022.

Then, on April 5, 2023, DLocal released its fourth quarter 2022 financial results and reported diluted earnings per share of $0.06 on total revenue of $118 million, missing analyst estimates.

As a result of this news, DLocal’s share price fell by around 26% on April 5, 2023, further hurting investors.

If you have purchased DLocal Securities, have information related to or would like to know more about these claims, or have any questions about this announcement or your rights or interests in relation to these matters,…