Company: TVRD
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001104659-25-054853
Chunk: 488

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-05-30
Form: S-1
Chunk 488
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ara’s corporate office lease agreement that was entered into in May 2023 for new principal office space in Stamford, Connecticut was terminated on November 1, 2024. As a result, there were operating lease right-of-use (“ROU”) assets or operating lease liabilities as of March 31, 2025 and December 31, 2024 due to the termination of the lease.

During the three months ended March 31, 2024, interest expense was calculated using the effective interest method, and any right-of-use asset was amortized on a straight-line basis, and both were recorded as lease expense. As a result, lease expense of $ for this former lease was recorded for the three months ended March 31, 2024, consisting of $ relating to R&D lease expense and $ relating to G&A lease expense.

Other information related to the former lease was as follows:

| ​                                                                       | ​ |                  ​ | ​ | ​ |    ​ |    ​ | ​ |
| ​                                                                       | ​ | Three Months Ended 
          March 31, |   |   |      |      | ​ |
| ​                                                                       |   |               2025 |   |   | 2024 |      | ​ |
| Cash paid for amounts included in the measurement of lease liabilities: |   |                  ​ |   |   |    ​ |      | ​ |
| Operating cash outflows relating to operating leases                    | ​ |                  $ | — | ​ |    $ |    — | ​ |
| ROU assets obtained in exchange for new operating lease liabilities     | ​ |                  $ | — | ​ |    $ |    — | ​ |
| Remaining lease term - operating leases (years)                         | ​ |                    | — | ​ |      | 10.6 | ​ |
| Discount rate - operating leases                                        | ​ |                    | — | % |    ​ | 12.8 | % |

There are no other future minimum cash lease payments as the lease agreement was terminated in 2024.

17. Related Party Transactions As of March 31, 2025, Vifor International owned 205,465, or 13.5%, of Cara’s common stock. CSL Vifor and its affiliates are considered related parties as of March 31, 2025 and December 31, 2024 (see Note 11, Collaboration and Licensing Agreements). As of March 31, 2025 and December 31, 2024, amounts