Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 676

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 676
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 financing, Tvardi entered into an amended and restated investors’ rights agreement, amended and restated voting agreement, as amended, and amended and restated right of first refusal and co-sale agreement, which contain registration rights, information rights, voting rights and rights of first refusal and co-sale, among other things, with certain of its stockholders. Pursuant to its voting agreement, as amended, certain of its stockholders have the right to designate member(s) to be elected to its board of directors. The foregoing agreements will terminate upon the completion of this Merger.

At or prior to the closing of the Merger, Cara and Tvardi will enter into a Registration Rights Agreement (the Registration Rights Agreement) with entities affiliated with Palkon, Shaheen Wirk, David J. Tweardy and his affiliated entities and entities affiliated with Wallace Hall, pursuant to which Tvardi or, following the closing of the Merger, the combined company, will prepare and file a resale registration statement with the SEC within 45 calendar days following the closing of the Merger for purposes of registering the resale of up to an estimated 3,074,867 shares issued in the Merger (assuming a Reverse Stock Split of 1-for-2, to be implemented immediately prior to the closing of the Merger, as may be adjusted) to such parties. Such shares are subject to the terms of the Lock-Up Agreements. See “ Agreements Related to the Merger — Lock-Up Agreements ” for more information. Tvardi has also agreed, among other things, that Tvardi or the combined company will indemnify the affiliates from certain liabilities and pay all fees and expenses (excluding any legal fees of the selling holder(s), and any underwriting discounts and selling commissions) incident to Tvardi’s obligations under the Registration Rights Agreement. A copy of the Form of Registration Rights Agreement is filed as Exhibit 10.41 to the Registration Statement of which this proxy statement/prospectus forms a part.

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TABLE OF CONTENTS

Limitations on Liability and Indemnification Agreements

Tvardi’s amended and restated certificate of incorporation will contain provisions limiting the liability of directors, and its amended and restated bylaws will provide that it will indemnify each of Tvardi’s directors and officers to the fullest extent permitted under Delaware law. Tvardi’s amended and restated certificate of incorporation and amended and restated bylaws will also provide its board of directors