Company: TVRD
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001104659-25-054853
Chunk: 319

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-05-30
Form: S-1
Chunk 319
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, or the Series B Original Issue Price, with a group of investors for net proceeds of $ 66.3million, or the Series B Financing. In addition, in connection with the closing of the Series B Financing, (i) then outstanding convertible promissory notes of $ 7.9million were converted into 2,603,128shares of Series B preferred stock at 80% of the Series B Original Issue Price paid by the Series B Financing investors and (ii) a then outstanding translational research grant of $ 0.5million was converted into 500,000shares of Series A Preferred Stock at a conversion price of $ 1.00per share pursuant to the terms of grant agreement, dated as of March 2018.

F-20

The following tables summarize the Company’s redeemable convertible preferred stock as of December 31, 2024 and 2023 (in thousands except share and per share amounts):

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 Par Value |     ​ 
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     ​ 
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          ​ 
          ​ 
  Preferred 
      Stock 
 Authorized | ​ 
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 ​ |           ​ 
           ​ 
   Preferred 
       Stock 
  Issued and 
 Outstanding | ​ 
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 Carrying 
 Value    |      ​ 
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      ​ 
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 Liquidation 
 Preference  |      ​ 
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      ​ 
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 ​ |          ​ 
     Common 
      Stock 
   Issuable 
       Upon 
 Conversion |
|:-------------------------|:--|:----------|------:|:--|-----------:|:--|------------:|:--|:---------|-------:|:--|:------------|-------:|:--|-----------:|
| Series A preferred stock | ​ | $         | 0.001 |   |  9,499,999 |   |   9,499,999 | ​ | $        |  9,327 | ​ | $           |  9,500 |   |