Company: TVRD
Filing Date: 2025-10-07
Form Type: S-1/A
Source: 0001104659-25-097519
Chunk: 346

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-07
Form: S-1/A
Chunk 346
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 $       | — | ​ | $     | 39,936 |

| ​                           
 ​                           
 ​                           | ​ 
 ​ 
 ​ | ​                             
 Fair Value Measurements as of 
 December 31, 2024             |      ​ | ​ | ​       | ​ | ​ | ​       |      ​ | ​ | ​     |      ​ |
|:----------------------------|:--|:------------------------------|-------:|:--|:--------|:--|:--|:--------|-------:|:--|:------|-------:|
| ​                           |   | Level 1                       |        |   | Level 2 |   |   | Level 3 |        |   | Total |        |
| Financial assets:           |   | ​                             |        |   | ​       |   |   | ​       |        |   | ​     |        |
| Cash equivalents:           |   | ​                             |        |   | ​       |   |   | ​       |        |   | ​     |        |
| Money market funds          | ​ | $                             | 31,303 | ​ | $       | — | ​ | $       |      — | ​ | $     | 31,303 |
| Total financial assets      | ​ | $                             | 31,303 | ​ | $       | — | ​ | $       |      — | ​ | $     | 31,303 |
| ​                           | ​ | ​                             |      ​ | ​ | ​       | ​ | ​ | ​       |      ​ | ​ | ​     |      ​ |
| Financial liabilities:      | ​ | ​                             |      ​ | ​ | ​       | ​ | ​ | ​       |      ​ | ​ | ​     |      ​ |
| Convertible Notes           | ​ | $                             |      — | ​ | $       | — | ​ | $       | 30,259 | ​ | $     | 30,259 |
| Total financial liabilities | ​ | $                             |      — | ​ | $       | — | ​ | $       | 30,259 | ​ | $     | 30,259 |

There werenotransfers between Levels during the periods presented.

The unrealized loss on the Company’s short-term investments for the three and six months ended June 30, 2025 was not material.

Convertible Notes

In December 2024, Legacy Tvardi entered into a note purchase agreement to issue