Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 253

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 253
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TABLE OF CONTENTS

stockholders and has approved such proposal. The Cara Board unanimously recommends that Cara stockholders vote “FOR” the Stock Issuance Proposal as described in this proxy statement/ prospectus.

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The Cara Board has determined and believes that it is fair to, advisable, and in the best interests of, Cara and its stockholders to approve the Equity Plan Proposal. The Cara Board unanimously recommends that Cara stockholders vote “FOR” the Equity Plan Proposal as described in this proxy statement/prospectus.

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The Cara Board has determined and believes that it is fair to, advisable, and in the best interests of, Cara and its stockholders to approve the ESPP Proposal. The Cara Board unanimously recommends that Cara stockholders vote “FOR” the ESPP Proposal as described in this proxy statement/ prospectus.

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The Cara Board has determined and believes that it is fair to, advisable, and in the best interests of, Cara and its stockholders to approve the amendment to the certificate of incorporation of Cara effecting a reverse stock split at a ratio in the range from 1-for-2 to 1-for-4, with such specific ratio to be mutually agreed upon by the Cara Board and the Tvardi Board or, if the Stock Issuance Proposal is not approved by Cara stockholders, determined solely by the Cara Board following the Cara special meeting as described in this proxy statement/prospectus. The Cara Board unanimously recommends that Cara stockholders vote “FOR” the Reverse Stock Split Proposal as described in this proxy statement/prospectus.

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The Cara Board has determined and believes that it is fair to, advisable, and in the best interests of, Cara and its stockholders to approve the amendment to the amended and restated certificate of incorporation of Cara to increase the number of authorized shares of Cara common stock from 16,666,667 shares to 150,000,000 shares. The Cara Board unanimously recommends that Cara stockholders vote “FOR” the Authorized Share Proposal as described in this proxy statement/ prospectus.

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The Cara Board has determined and believes that it is fair to, advisable, and in the best interests of, Cara and its stockholders to approve the Compensation Proposal. The Cara Board unanimously recommends that Cara stockholders vote “FOR” the Compensation Proposal as described in this proxy statement/prospectus.

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The Cara Board has determined and believes that adjourning the Cara special meeting, if necessary, to solicit additional proxies if there are not sufficient votes in