Company: TVRD
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001104659-25-054853
Chunk: 348

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-05-30
Form: S-1
Chunk 348
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 paid by the Series A Financing investors.
F-41

Series B Preferred Stock

In June 2021, the Company entered into the Series B preferred stock purchase agreements for shares of Series B preferred stock with par value of $ each at a price $ per share, or the Series B Original Issue Price, with a group of investors for net proceeds of $ million, or the Series B Financing. In addition, in connection with the closing of the Series B Financing, (i) then outstanding convertible promissory notes of $ million were converted into shares of Series B preferred stock at % of the Series B Original Issue Price paid by the Series B Financing investors and (ii) a then outstanding translational research grant of $ million was converted into shares of Series A preferred stock at a conversion price of $ per share pursuant to the terms of grant agreement, dated as of March 2018.

The following tables summarize the Company’s redeemable convertible preferred stock as of March 31, 2025 and December 31, 2024 (in thousands except share and per share amounts):

| ​                        
 ​                        
 ​                        
 ​                        
 ​                        
 ​                        | ​ 
 ​ 
 ​ 
 ​ | ​         
 ​         
 ​         
 ​         
 ​         
 Par Value |     ​ 
     ​ 
     ​ 
     ​ 
     ​ | ​ 
 ​ 
 ​ 
 ​ |          ​ 
          ​ 
          ​ 
  Preferred 
      Stock 
 Authorized | ​ 
 ​ 
 ​ 
 ​ | ​           
 ​           
 Preferred   
 Stock       
 Issued and  
 Outstanding |          ​ 
          ​ | ​ 
 ​ 
 ​ 
 ​ | ​        
 ​        
 ​        
 ​        
 Carrying 
 Value    |      ​ 
      ​ 
      ​ 
      ​ | ​ 
 ​ 
 ​ 
 ​ | ​           
 ​           
 ​           
 ​           
 Liquidation 
 Preference  |      ​ 
      ​ 
      ​ 
      ​ | ​ 
 ​ 
 ​ 
 ​ |          ​ 
     Common 
      Stock 
   Issuable 
       Upon 
 Conversion |
|:-------------------------|:--|:----------|------:|:--|-----------:|:--|:------------|-----------:|:--|:---------|-------:|:--|:------------|-------:|:--|-----------:|
| Series A preferred stock | ​ | $         | 0.001 |   |  9,499,999 |   | ​           |  9,499,999 | ​ | $        |