Company: TVRD
Filing Date: 2025-01-27
Form Type: S-4/A
Source: 0001104659-25-006050
Chunk: 305

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-01-27
Form: S-4/A
Chunk 305
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,396 | ​ | $ |        31,605 | ​ |
| Expenses       | ​              | $ |         1,841 | ​ | $ |         2,987 | ​ | $ |        2,075 | ​ | $ |         2,791 | ​ | $ |         8,422 | ​ |
| Ending cash    | ​              | $ |        39,459 | ​ | $ |        36,471 | ​ | $ |       34,396 | ​ | $ |        31,605 | ​ | $ |        23,183 | ​ |

(1) Assumed a closing date of the Merger of March 31, 2025. Interests of the Cara Directors and Executive Officers in the Merger In considering the recommendation of the Cara Board with respect to the approval of the Merger Agreement, the Merger and the issuance of shares of Cara common stock as contemplated by the Merger Agreement, and the Cara Stockholder Matters, Cara’s stockholders should be aware that certain members of the Cara Board and current and former executive officers of Cara have interests in the Merger that may be different from, or in addition to, the interests of Cara’s stockholders. As more fully described below, these interests relate to or arise from, among other things:

| ● | severance benefits to which each of Cara’s executive officers may become entitled in the event of his termination of employment following consummation of the Merger; |

| ● | action the Cara Board has taken in accordance with the Merger Agreement to accelerate the vesting in full of all Cara options and RSUs upon the consummation of the Merger, including Cara options and RSUs held by Cara’s directors and executive officers; |

| ● | the accelerated vesting of all options to purchase shares of Cara common stock and RSUs held by Cara’s executive officers in the event of specified terminations or resignations of employment within 12 months following consummation of the Merger; and |

| ● | the agreement that one of Cara’s directors will serve on the Combined Company Board following the consummation of the Merger. |

The Cara Board was aware of these potential conflicts of interest and considered them, among other matters, in reaching their respective decisions to approve the Merger Agreement and the Merger, and to recommend, as applicable, that Cara’s stockholders approve the proposals to be presented to Cara’s stockholders for consideration at the Cara special