Dlocal Comments on Short-Seller Report

Rhea-AI Summary

DLocal Limited (NASDAQ: DLO) addressed a short seller report from Muddy Waters Capital, labeling it as inaccurate and speculative. The company cautioned shareholders against making investment decisions based on the report, which they claim is designed to drive down the stock price for short sellers' benefit. DLocal aims to connect global merchants with emerging market consumers through a unified payments platform, emphasizing the importance of its services across various regions, including APAC, Latin America, and Africa.

Positive

• DLocal provides a technology-first payments platform facilitating local payments in emerging markets.
• The company connects global enterprise merchants to billions of consumers in regions such as APAC, Latin America, and Africa.

Negative

• The short seller report may negatively influence investor sentiment and stock price.
• DLocal may face challenges in rebuffing the allegations raised by the report.

MONTEVIDEO, Uruguay, Nov. 16, 2022 (GLOBE NEWSWIRE) -- DLocal Limited (NASDAQ: DLO, “DLocal” or the “Company”), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets today commented on a short seller report published by Muddy Waters Capital: 

The report contains numerous inaccurate statements, groundless claims and speculation. Short seller reports are often designed to drive the stock price downwards to serve the short seller’s interests to the detriment of the company’s shareholders. We caution shareholders from making investment decisions based on this report. Dlocal will rebut the allegations in the appropriate forum in due course.

About DLocal

DLocal powers local payments in emerging markets connecting global enterprise merchants with billions of emerging market consumers across APAC, the Middle East, Latin America, and Africa. Through the “One dLocal” concept (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and payout processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

Forward Looking Statements

This press release contains certain forward-looking statements. These forward-looking statements convey DLocal’s current expectations or forecasts of future events. Forward-looking statements regarding DLocal involve known and unknown risks, uncertainties and other factors that may cause DLocal’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors,” and “Cautionary Note Regarding Forward-Looking Statements” sections of dLocal’s filings with the U.S. Securities and Exchange Commission. Unless required by law, DLocal undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date hereof.

Investor Relations Contact:
investor@dlocal.com

Media Contact:
marketing@dlocal.com

FAQ

What did DLocal say about the Muddy Waters report concerning stock DLO?

DLocal criticized the Muddy Waters report as inaccurate and speculative, urging shareholders to avoid making investment decisions based on it.

How does DLocal serve global merchants in emerging markets?

DLocal connects global enterprise merchants with billions of consumers through a unified payments platform, allowing them to manage payments and settle funds efficiently.

What risks does DLocal mention in its press release?

DLocal refers to known and unknown risks associated with its forward-looking statements, which could materially affect its actual results.

What regions does DLocal operate in?

DLocal operates in various regions, including Asia-Pacific, the Middle East, Latin America, and Africa.