Company: TVRD
Filing Date: 2025-10-20
Form Type: S-1/A
Source: 0001104659-25-100896
Chunk: 330

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-20
Form: S-1/A
Chunk 330
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       |   | ​ 
 ​ |
|:--------------------------------------|:--|:--|:-------------------------------|:--|------:|:--|:--|:--|:-----|:--|------:|:--|:--|
| Weighted-average discount rate        | ​ | ​ | ​                              | ​ | 9.50% | ​ | ​ | ​ | ​    | ​ | 9.50% | ​ | ​ |
| Weighted-average remaining lease term | ​ | ​ | ​                              | ​ |  2.58 | ​ | ​ | ​ | ​    | ​ |  3.67 | ​ | ​ |

F-19

TABLE OF CONTENTS

As of December 31, 2024, the maturities of the Company’s operating lease liabilities were as follows (in thousands):

| Year Ended December 31,                             
 2025                                                | ​ 
 ​ | ​ 
 ​ | Amount 
 ​      |   | 126 | ​ | ​ 
 ​ |
|:----------------------------------------------------|:--|:--|:-------|:--|----:|:--|:--|
| 2026                                                | ​ | ​ | ​      | ​ | 129 | ​ | ​ |
| 2027                                                | ​ | ​ | ​      | ​ |  88 | ​ | ​ |
| Total lease payments                                | ​ | ​ | ​      | ​ | 343 | ​ | ​ |
| Less: imputed interest                              | ​ | ​ | ​      | ​ | -39 | ​ | ​ |
| Present value of lease liabilities                  | ​ | ​ | ​      | ​ | 304 | ​ | ​ |
| Less: operating lease liabilities, current portion  | ​ | ​ | ​      | $ | 103 | ​ | ​ |
| Operating lease liabilities, net of current portion | ​ | ​ | ​      | $ | 201 | ​ | ​ |

8. Convertible Notes In December 2024, Tvardi entered into a note purchase agreement to issue and sell convertible notes (the Convertible Notes) in an aggregate principal amount of $28.3 million. The Convertible Notes accrue interest at 8% per annum and mature on December 31, 2026 (the Maturity Date). As of December 31, 2024, the Company has recorded $0.2 million in accrued interest. Pursuant to the terms of the