Company: TVRD
Filing Date: 2025-01-27
Form Type: S-4/A
Source: 0001104659-25-006050
Chunk: 748

Company: Tvardi Therapeutics, Inc.
Filing Date: 2025-01-27
Form: S-4/A
Chunk 748
---
reements which were included within the ROU asset on September 26, 2024.

The Company remeasured the lease liability to be$ 7,780on the Modification Date and adjusted the amount of the ROU asset by the amount of the remeasurement of the lease liability. Also on September 26, 2024, the Company made a cash payment of$ 4,363which reduced the lease liability to$ 3,417, which is included within current liabilities on the Condensed Consolidated Balance Sheet since the termination date is November 1, 2024.

On September 30, 2024, the Company analyzed the recorded value of its ROU asset for impairment and determined that the carrying value was not recoverable. As a result, the Company recorded a full impairment charge of$ 4,274on its ROU asset, which was included within the Condensed Consolidated Statements of Loss for the three and nine months ended September 30, 2024.

Other information related to leases (both current and former) was as follows:

| ​                                                                       
 ​                                                                       
 ​                                                                       
 Cash paid for amounts included in the measurement of lease liabilities: | ​ 
 ​ | ​                  
 Three Months Ended 
 September 30,      
 2024               
 ​                  |     ​ | ​ | ​    
 2023 
 ​    |     ​ | ​ 
 ​ | ​                 
 Nine Months Ended 
 September 30,     
 2024              
 ​                 |     ​ | ​ 
 ​ | ​    
 2023 
 ​    |     ​ | ​ 
 ​ 
 ​ 
 ​ |
|:------------------------------------------------------------------------|:--|:-------------------|------:|:--|:-----|------:|:--|:------------------|------:|:--|:-----|------:|:--|
| Operating cash outflows relating to operating leases                    | ​ | $                  | 4,363 | ​ | $    |   500 | ​ | $                 | 4,363 | ​ | $    | 1,489 | ​ |
| ROU assets obtained in exchange for new operating lease liabilities     | ​ | $                  |     — | ​ | $    | 6,779 | ​ | $                 |     — | ​ | $    | 6,779 | ​ |
| Remaining lease term - operating leases (years)                         | ​ |                    |   0.1 | ​ |      |  10.4 | ​