Company: TVRD
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001104659-25-014310
Chunk: 884

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-02-14
Form: 424B3
Chunk 884
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 basis over the lease term, and both will be recorded as lease expense. As a result, lease expense of $524 for the New Lease was recorded for the year ended December 31, 2023, consisting of $367 relating to R&D lease expense and $157 relating to G&A lease expense.

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TABLE OF CONTENTS

CARA THERAPEUTICS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(amounts in thousands, except share and per share data) Leases (Original Corporate Headquarters in 2015 & Amendment for Additional Space in 2020) The Company’s original Stamford Lease and Lease Amendment for prior office space both terminated in December 2023. Lease expense for the Stamford Lease and Lease Amendment was recognized on a straight-line basis over the lease term of the Company’s prior lease agreements in Stamford, Connecticut. As a result, $1,624 of operating lease cost, or lease expense, was recognized for each of the years ended December 31, 2023, 2022 and 2021, respectively, consisting of $1,137 relating to R&D lease expense and $487 relating to G&A lease expense in each respective period. Other information related to the leases (both new in May 2023 and terminated in December 2023) was as follows:

| ​                                                                       
 ​                                                                       | ​ 
 ​ | ​ 
 ​ | Year Ended December 31, 
 2023                    |   |       |   | ​ | ​ | 2022 |   |       |   | ​ 
 ​ |
|:------------------------------------------------------------------------|:--|:--|:------------------------|:--|------:|:--|:--|:--|:-----|:--|------:|:--|:--|
| Cash paid for amounts included in the measurement of lease liabilities: | ​ | ​ | ​                       | ​ |     ​ | ​ | ​ | ​ | ​    | ​ |     ​ | ​ | ​ |
| Operating cash outflows relating to operating leases                    | ​ | ​ | ​                       | $ | 1,992 | ​ | ​ | ​ | ​    | $ | 1,957 | ​ | ​ |
| ROU assets obtained in exchange for new operating lease liabilities     | ​ | ​ | ​                       | $ | 6,779 | ​ | ​ | ​ | ​    | $ |     — | ​ | ​ |
| Remaining