Company: TVRD
Filing Date: 2025-10-07
Form Type: S-1/A
Source: 0001104659-25-097519
Chunk: 345

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-10-07
Form: S-1/A
Chunk 345
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 on the condensed consolidated balance sheet and$ 3.7million was paid in cash as of June 30, 2025. Of the$ 3.7million in transaction costs paid in cash as of June 30, 2025,$ 1.3million was paid during fiscal 2024. The total amount of$ 4.1million was recorded as a reduction to additional paid-in capital in the condensed consolidated statements of redeemable convertible preferred stock and stockholders’ equity (deficit) for the three and six months ended June 30, 2025.

F-39

4.Fair Value Measurements

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):

| ​                       
 ​                       
 ​                       | ​ 
 ​ 
 ​ | ​                             
 Fair Value Measurements as of 
 June 30, 2025                 |      ​ | ​ | ​       | ​ | ​ | ​       | ​ | ​ | ​     |      ​ |
|:------------------------|:--|:------------------------------|-------:|:--|:--------|:--|:--|:--------|:--|:--|:------|-------:|
| ​                       |   | Level 1                       |        |   | Level 2 |   |   | Level 3 |   |   | Total |        |
| Financial assets:       |   | ​                             |        |   | ​       |   |   | ​       |   |   | ​     |        |
| Cash equivalents:       |   | ​                             |        |   | ​       |   |   | ​       |   |   | ​     |        |
| Money market funds      | ​ | $                             | 19,590 | ​ | $       | — | ​ | $       | — | ​ | $     | 19,590 |
| Short-term investments: | ​ | ​                             |      ​ | ​ | ​       | ​ | ​ | ​       | ​ | ​ | ​     |      ​ |
| U.S. Treasury Notes     | ​ | ​                             | 20,346 | ​ | ​       | — | ​ | ​       | — | ​ | ​     | 20,346 |
| Total financial assets  | ​ | $                             | 39,936 | ​ | $       | — | ​ |