Company: TVRD
Filing Date: 2025-05-30
Form Type: S-1
Source: 0001104659-25-054853
Chunk: 349

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-05-30
Form: S-1
Chunk 349
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  9,327 | ​ | $           |  9,500 |   |  9,499,999 |
| Series B preferred stock | ​ |           | 0.001 |   | 20,223,541 |   | ​           | 20,055,539 | ​ |          | 76,176 | ​ |             | 76,402 |   | 20,055,539 |
| ​                        | ​ |           |     ​ |   | 29,723,540 | ​ | ​           | 29,555,538 | ​ | $        | 85,503 | ​ | $           | 85,902 | ​ | 29,555,538 |

The key terms of Preferred Stock are as follows:

Dividends

The Company would not have declared, paid or set aside any dividends on shares or any other class or series of capital stock (other than dividends on shares of the Company’s common stock payable in shares of common stock) unless first the holders of Series B preferred stock would have first received, or simultaneously received, a dividend on each outstanding preferred stock, and second, the holders of the Series A preferred stock would have next received, or simultaneously received a dividend on each outstanding preferred stock. If the Company declared, paid or set aside, on the same date, a dividend on shares of more than one class or series of capital stock of the Company, the dividend payable to the holders of Preferred Stock would have been calculated based upon the dividend on the class or series of capital stock that would have resulted in the highest dividend. There have been dividends declared by the Company’s board of directors, or the Board, as of March 31, 2025 and December 31, 2024.

Voting Rights

The holder of each share of Series A and Series B preferred stock would have had the right to vote for each share of common stock into which such Series A and Series B preferred stock could have then been converted.

Right to Elect Directors

Holders of Series A preferred stock would have been entitled to elect directors of the Company. The holders of Series B preferred stock would have been entitled to elect director of the Company. The holders of the Company’s common stock would have been entitled to elect director of the Company. The holders of Preferred Stock and Common Stock (voting together as a single class and not as separate series and on as-converted basis) would have been entitled to elect any remaining director of the Company.

Conversion