Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 339

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 339
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| $23.5 million            | ​ | ​ | ​             | ​ | 0.2024 | ​ | ​ | ​ | ​                     | ​ | 15.36% | ​ | ​ | ​ | ​                    | ​ | 72.12% | ​ | ​ | ​ | ​                           | ​ | 12.52% | ​ | ​ |
| $24.0 million            | ​ | ​ | ​             | ​ | 0.2001 | ​ | ​ | ​ | ​                     | ​ | 15.51% | ​ | ​ | ​ | ​                    | ​ | 71.99% | ​ | ​ | ​ | ​                           | ​ | 12.50% | ​ | ​ |
| $24.5 million            | ​ | ​ | ​             | ​ | 0.1979 | ​ | ​ | ​ | ​                     | ​ | 15.66% | ​ | ​ | ​ | ​                    | ​ | 71.86% | ​ | ​ | ​ | ​                           | ​ | 12.48% | ​ | ​ |
| $25.0 million            | ​ | ​ | ​             | ​ | 0.1957 | ​ | ​ | ​ | ​                     | ​ | 15.81% | ​ | ​ | ​ | ​                    | ​ | 71.73% | ​ | ​ | ​ | ​                           | ​ | 12.46% | ​ | ​ |

Treatment of Tvardi Stock Options Under the terms of the Merger Agreement, each option to purchase shares of Tvardi common stock that is outstanding and unexercised immediately prior to the Effective Time, if any, whether or not vested, will be converted into and become an option to purchase shares of Cara common stock. Cara will assume the Tvardi Plan and all such Tvardi stock options in accordance with the terms of the Tvardi Plan and the terms of the stock option agreement by which such option is evidenced. Accordingly, from and after the Effective Time: (i) each outstanding Tvardi stock option assumed by Cara may be exercised solely for shares of Cara common stock; (ii) the number of shares of Cara common stock subject to each outstanding Tvardi stock option assumed by Cara will be determined by multiplying (A) the number of shares of Tvardi common stock that were subject to such Tvardi stock option, as in effect immediately prior to