Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 788

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 788
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%, which the Company substantially completed by June 30, 2024. As a result, the Company made additional estimates and judgments regarding its future plans, including future employee termination costs to be incurred in conjunction with involuntary separations when such separations are probable and estimable. In the second quarter of 2024, the Company recorded a pre-tax severance expense of $2,581, which was included within restructuring expenses on the Condensed Consolidated Statements of Comprehensive Loss for the nine months ended September 30, 2024. In the third quarter of 2024, the Company recorded an additional pre-tax severance expense of $707, which was included within restructuring expenses on the Condensed Consolidated Statements of Comprehensive Loss for the three and nine months ended September 30, 2024. The remaining amounts to be paid as of September 30, 2024 are included within accounts payable and accrued expenses on the Condensed Consolidated Balance Sheet.

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TABLE OF CONTENTS

CARA THERAPEUTICS, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS
(amounts in thousands, except share and per share data)
(unaudited) The detail of activity related to the Company’s restructuring action is as follows:

| ​ 
 ​ 
 ​ 
 ​ | Total expense recorded in the three months ended March 31, 2024     
 Payments made in the three months ended March 31, 2024              
 Remaining amounts to be paid as of March 31, 2024                   
 Total expense recorded in the three months ended June 30, 2024      | ​ 
 ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ |   2,401 
 (1,702) 
     699 
   2,581 | ​ 
 ​ 
 ​ 
 ​ | ​ 
 ​ 
 ​ 
 ​ |
|:--|:--------------------------------------------------------------------|:--|:--|:--|:--|--------:|:--|:--|
| ​ | Payments made in the three months ended June 30, 2024               | ​ | ​ | ​ | ​ |    -301 | ​ | ​ |
| ​ | Remaining amounts to be paid as of June 30, 2024                    | ​ | ​ | ​ | ​ |   2,979 | ​ | ​ |
| ​ | Total expense recorded in the