Company: TVRD
Filing Date: 2025-02-14
Form Type: S-4/A
Source: 0001104659-25-013053
Chunk: 19

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: S-4/A
Chunk 19
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 represented by proxy at the meeting and entitled to vote on the matter.

Q:

What risks should I consider in deciding whether to vote in favor of the Cara Proposals?

A:

You should carefully review the section titled “ Risk Factors ,” beginning on page 27of this proxy statement/prospectus.

Q:**

#### When do you expect the Merger to be consummated?
A:

We anticipate that the Merger will be consummated during the first half of 2025, soon after the Cara special meeting to be held on April 1, 2025, but we cannot predict the exact timing. For more information, please see the section titled “ The Merger Agreement — Conditions to the Completion of the Merger ” beginning on page 195of this proxy statement/prospectus.

Q:

What are the material U.S. Federal Income Tax consequences of the Merger to holders of Cara common stock?

A:

Cara stockholders will not sell, exchange or dispose of any shares of Cara common stock as a result of the Merger. Thus, there will be no material U.S. federal income tax consequences to Cara stockholders as a result of the Merger. The U.S. federal income and other tax consequences to holders or beneficial owners of RSUs and the acceleration of vesting of such RSUs are not discussed herein, and such holders or beneficial owners are strongly encouraged to consult their own tax advisors regarding such tax consequences, including the applicability and effect of U.S. federal, state, local, non-U.S. and other tax laws and treaties.

Q:

What are the material U.S. Federal Income Tax consequences of the Reverse Stock Split to U.S. holders of Cara shares?

A:

Cara intends to treat the Reverse Stock Split as a “recapitalization” for U.S. Federal Income Tax purposes. If it so qualifies, a Cara stockholder who is a U.S. holder (as defined in the section titled “ Matters Being Submitted to a Vote of Cara’s Stockholders — Proposal No. 4: Approval of an Amendment to the Amended and Restated Certificate of Incorporation of Cara Effecting the Reverse Stock Split — Material U.S. Federal Income Tax Consequences of the Reverse Stock Split ” beginning on page 237of this proxy statement/prospectus) should not recognize gain or loss upon the Reverse Stock

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Split (other than in respect of cash received in lieu of fractional shares). A U