dLocal Addresses Concerns Raised by Short-Sellers
dLocal Limited (Nasdaq: DLO), a prominent technology-driven payments platform, has firmly addressed the recent allegations made by certain short-sellers. These claims, labeling the company as failing to uphold rigorous standards, have been described by dLocal as inaccurate and misleading. The company asserts that these allegations come from parties with vested interests in the decline of its stock value, reflecting on their motivations.
Company's Investigative Response
In response to previous short-seller reports, dLocal took decisive action. They highlighted their commitment to transparency by initiating an independent investigation into the claims made at that time. An independent audit committee, comprising solely of unbiased directors, was responsible for overseeing this thorough review. With the assistance of independent legal counsel and a global expert services firm specializing in forensic accounting, they found no justification for the allegations that had been previously raised.
Commitment to Corporate Governance
dLocal has explicitly reaffirmed its dedication to maintaining high standards of corporate governance, financial integrity, and compliance with regulatory requirements. It encourages stakeholders to depend on its audited financial statements, which provide a clear and accurate depiction of the company's performance, rather than on speculative reports from short-sellers. This stance highlights the company’s focus on ensuring that all investors have access to truthful and reliable information.
Focus on Growth and Performance
The company emphasized that it would not engage further in discussions regarding the short-seller claims but would instead concentrate on its core mission: executing its strategic initiatives and delivering value across its network of merchants, shareholders, partners, and employees. dLocal looks forward to providing insights into its performance for the fiscal year and the fourth quarter during their upcoming earnings call.
About dLocal and Its Services
dLocal plays a critical role in facilitating local payments in emerging markets. It effectively connects global enterprise merchants with billions of consumers across several regions, including Asia-Pacific, the Middle East, Latin America, and Africa. Adopting the “One dLocal” philosophy, the platform simplifies the payment process by allowing global companies to handle payments and settlements without the hassle of managing multiple entities and payment processors in several markets.
Investor Relations and Media Contact
For any inquiries related to investor relations, you can reach dLocal at investor@dlocal.com. Furthermore, for media communications, feel free to contact them at media@dlocal.com. Remember, this information is vital for staying updated on the latest developments from this innovative company.
Frequently Asked Questions
What allegations were made against dLocal?
Short-sellers claimed that dLocal had failed in its corporate governance and operational integrity, which the company strongly refuted.
How did dLocal respond to these allegations?
dLocal initiated an independent audit overseen by unbiased directors and external experts, confirming that the allegations were unsubstantiated.
What is dLocal’s stance on corporate governance?
dLocal prioritizes high standards of corporate governance, assuring investors of its commitment to transparency and accountability.
What does dLocal do?
dLocal facilitates payments in emerging markets, connecting global merchants with local consumers through an integrated platform.
How can investors stay updated about dLocal?
Investors can stay informed through dLocal's audited financial statements and upcoming earnings calls, along with contacting the investor relations team.
