Company: TVRD
Filing Date: 2025-10-20
Form Type: S-1/A
Source: 0001104659-25-100896
Chunk: 314

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-20
Form: S-1/A
Chunk 314
---
 ​    | ​ | 40% | ​ | ​ |
| Vendor B | ​ | ​ | ​                              | ​ | 1%  | ​ | ​ | ​ | ​    | ​ | 14% | ​ | ​ | ​ | ​                     | ​ | 2%  | ​ | ​ | ​ | ​    | ​ | —   | ​ | ​ |
| Vendor C | ​ | ​ | ​                              | ​ | 3%  | ​ | ​ | ​ | ​    | ​ | 8%  | ​ | ​ | ​ | ​                     | ​ | 8%  | ​ | ​ | ​ | ​    | ​ | 10% | ​ | ​ |
| Vendor D | ​ | ​ | ​                              | ​ | —   | ​ | ​ | ​ | ​    | ​ | —   | ​ | ​ | ​ | ​                     | ​ | —   | ​ | ​ | ​ | ​    | ​ | 19% | ​ | ​ |
| ​        | ​ | ​ | ​                              | ​ | 66% | ​ | ​ | ​ | ​    | ​ | 55% | ​ | ​ | ​ | ​                     | ​ | 53% | ​ | ​ | ​ | ​    | ​ | 69% | ​ | ​ |

The Company’s preclinical studies and clinical trials and testing could be adversely affected by a significant interruption in the supply chain from its significant suppliers. Cash and Cash Equivalents The Company considers all highly liquid investments, with an original maturity of three months or less, to be cash equivalents. Cash equivalents include amounts held in money market funds in the amount of $31.3 million and $21.8 million as of December 31, 2024 and 2023, respectively.

F-10

TABLE OF CONTENTS

The Company recorded interest income on its cash equivalents of $0.7 million for the year ended December 31, 2024 on its statements on operations. The Company recorded interest income of $1.3 million on its cash equivalents and previously outstanding short-term investments during the year ended December 31, 2023 on its statements of operations. The interest income recorded during the year ended December 31, 2023 is also inclusive of accretion of its discounts on its short-term investments, which fully matured during the year ended December 31, 2023. Deferred Offering Costs The Company capitalizes certain legal, professional