Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 758

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 758
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. Available-for-sale marketable securities are reported at their fair values, based upon pricing of securities with the same or similar investment characteristics as provided by third-party pricing services. The Company validates the prices provided by its third-party pricing services by reviewing their pricing methods, obtaining market values from other pricing sources, and comparing them to the share prices presented by the third-party pricing services. After completing its validation procedures, the Company did not adjust or override any fair value measurements provided by its third-party pricing services as of September 30, 2024 or December 31, 2023. The following tables summarize the Company’s financial assets measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023.

F-14

TABLE OF CONTENTS

CARA THERAPEUTICS, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS
(amounts in thousands, except share and per share data)
(unaudited) Fair value measurement as of September 30, 2024: Financial assets

| Type of Instrument                        
 Cash and cash equivalents:                | ​ 
 ​ | ​ 
 ​ | Total 
 ​     | ​ |      ​ | ​ | ​ 
 ​ | ​ 
 ​ | Quoted prices inactive markets foridentical assets(Level 1) 
 ​                                                           | ​ |      ​ | ​ | ​ 
 ​ | ​ 
 ​ | Significant otherobservableinputs(Level 2) 
 ​                                          | ​ |     ​ | ​ | ​ 
 ​ | ​ 
 ​ | Significantunobservableinputs(Level 3) 
 ​                                      | ​ | ​ | ​ | ​ 
 ​ |
|:------------------------------------------|:--|:--|:------|:--|-------:|:--|:--|:--|:------------------------------------------------------------|:--|-------:|:--|:--|:--|:-------------------------------------------|:--|------:|:--|:--|:--|:---------------------------------------|:--|:--|:--|:--|
| Money market funds and checking accounts  | ​ | ​ | ​     | $ | 37,061 | ​ | ​ | ​ | ​                                                           | $ | 37,061 | ​ | ​ | ​ | ​                                          | $ |     — | ​ | ​ | ​ | ​                                      | $ | — | ​ | ​ |
| Available-for-sale marketable securities: | ​ | ​ | ​     | ​ |      ​ | ​ |