Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 676

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 676
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 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 with discretion to indemnify its employees and other agents when determined appropriate by the board. In addition, Tvardi has entered into or intends to enter into an indemnification agreement with each of its directors and executive officers, which will require Tvardi to indemnify them. For more information regarding these agreements, see the section titled “ Tvardi’s Executive and Director Compensation — Limitations on Liability and Indemnification .”

Policies and Procedures for Transactions with Related Persons

Following the consummation of the Merger, Tvardi executive officers, directors, nominees for election as a director, beneficial owners of more than 5% of any class of its common stock and any members of the immediate family of any of the foregoing persons will not be permitted to enter into a related person transaction with Tvardi without the approval or ratification of its board of directors or its audit committee. Any request for Tvardi to enter into a transaction with an executive officer, director, nominee for election as a director, beneficial owner of