Company: TVRD
Filing Date: 2025-10-20
Form Type: S-1/A
Source: 0001104659-25-100896
Chunk: 365

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-20
Form: S-1/A
Chunk 365
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 of Legacy Tvardi.

<div align='center'>F-40</div>

TABLE OF CONTENTS

As part of the recapitalization, the Company obtained the assets and liabilities listed below (in thousands):

| ​ | Cash and cash equivalents                      | ​ | ​ | ​ | $ | 24,992 | ​ | ​ |
| ​ | Prepaid expenses and other current assets      | ​ | ​ | ​ | ​ |    132 | ​ | ​ |
| ​ | Accounts payable                               | ​ | ​ | ​ | ​ |   -228 | ​ | ​ |
| ​ | Accrued expenses and other current liabilities | ​ | ​ | ​ | ​ | -1,023 | ​ | ​ |
| ​ | Net assets acquired                            | ​ | ​ | ​ | $ | 23,873 | ​ | ​ |

The Company incurred total capitalizable transaction costs of $4.1 million, of which $0.4 million was recorded within accounts payable on the condensed consolidated balance sheet and $3.7 million was paid in cash as of June 30, 2025. Of the $3.7 million in transaction costs paid in cash as of June 30, 2025, $1.3 million was paid during fiscal 2024. The total amount of $4.1 million was recorded as a reduction to additional paid-in capital in the condensed consolidated statements of redeemable convertible preferred stock and stockholders’ equity (deficit) for the three and six months ended June 30, 2025. 4. Fair Value Measurements The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):

| ​                       | ​ | ​ | Fair Value Measurements as ofJune 30, 2025 |   |        |   |   |   |         |   |   |   |   |   |         |   |   |   |   |   |       |   |        |   | ​ |
|:------------------------|:--|:--|:-------------------------------------------|:--|-------:|:--|:--|:--|:--------|:--|:--|:--|:--|:--|:--------|:--|:--|:--|:--|:--|:------|:--|-------:|:--|:--|
| ​