Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 792

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 792
---
 fair value of the leasehold improvements and furniture and fixtures that was assigned to the third party on November 1, 2024.

The Company reassessed the classification of the Assignment Agreements on the Modification Date and determined that the modified lease continued to be an operating lease. The Company also incurred $577 of initial direct costs for the Assignment Agreements which were included within the ROU asset on September 26, 2024.

The Company remeasured the lease liability to be $7,780 on the Modification Date and adjusted the amount of the ROU asset by the amount of the remeasurement of the lease liability. Also on September 26, 2024, the Company made a cash payment of $4,363 which reduced the lease liability to $3,417, which is included within current liabilities on the Condensed Consolidated Balance Sheet since the termination date is November 1, 2024.

<div align='center'>F-32</div>

TABLE OF CONTENTS

CARA THERAPEUTICS, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS
(amounts in thousands, except share and per share data)
(unaudited) On September 30, 2024, the Company analyzed the recorded value of its ROU asset for impairment and determined that the carrying value was not recoverable. As a result, the Company recorded a full impairment charge of $4,274 on its ROU asset, which was included within the Condensed Consolidated Statements of Loss for the three and nine months ended September 30, 2024. Other information related to leases (both current and former) was as follows:

| ​                                                                       
 ​                                                                       
 Cash paid for amounts included in the measurement of lease liabilities: | ​    
 2024 
 ​    | ​ 
 ​ | Three Months EndedSeptember 30, 
 ​                               | ​ |     ​ 
     ​ | ​ 
 ​ | 2023 
 ​    | ​ | ​ | ​ |     ​ 
     ​ | ​ 
 ​ | ​    
 2024 
 ​    | ​ 
 ​ | Nine Months EndedSeptember 30, 
 ​                              | ​ |     ​ 
     ​ | ​ 
 ​ | 2023 
 ​    | ​ | ​ | ​ |     ​ 
     ​ | ​ | ​ 
 ​ |
|:------------------------------------------------------------------------|:-----|:--|:--------------------------------|:--|------:|:--|:-----|:--|:--|:--|