MoonLake Immunotherapeutics
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
MLTX$12.62+9.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Changes In E
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
| Class A Ordinary Shares · Class C Ordinary Shares · Additional Paid-In Capital · Accumulated Deficit · Accumulated Other Comprehensive Income · Total Shareholders' Equity · Noncontrolling Interests · Total Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2022 | 38,977,600 | $3,898 | 13,723,511 | $1,373 | $129,192,291 | $(80,650,212) | $350,946 | $48,898,296 | $19,868,402 | $68,766,698 |
| Share-based compensation under the ESPP, ESOP, Equity Incentive Plan and reverse vesting of Restricted Founder Shares | — | — | — | — | 1,875,992 | — | — | 1,875,992 | 701,195 | 2,577,187 |
| Refund of stamp duty fees | — | — | — | — | 3,517 | — | — | 3,517 | 1,406 | 4,923 |
| Net loss for the three months ended March 31, 2023 | — | — | — | — | — | (9,004,856) | — | (9,004,856) | (3,214,131) | (12,218,987) |
| Other comprehensive loss | — | — | — | — | — | — | (12,625) | (12,625) | (5,047) | (17,672) |
| Conversion of MoonLake Class C Ordinary Shares into Class A Ordinary Shares | 176,603 | 18 | (176,603) | (18) | 237,049 | — | 1,787 | 238,836 | (238,836) | — |
| Balance at March 31, 2023 | 39,154,203 | $3,916 | 13,546,908 | $1,355 | $131,308,849 | $(89,655,068) | $340,108 | $41,999,160 | $17,112,989 | $59,112,149 |
| Share-based compensation under the ESPP, ESOP, Equity Incentive Plan and reverse vesting of Restricted Founder Shares | — | — | — | — | 1,247,416 | — | — | 1,247,416 | 250,245 | 1,497,661 |
| Issuance of Class A Ordinary Shares, net of transaction costs (Note 11) | 9,744,894 | 974 | — | — | 451,284,119 | — | — | 451,285,093 | — | 451,285,093 |
| Net loss for the three months ended June 30, 2023 | — | — | — | — | — | (10,139,279) | — | (10,139,279) | (2,214,108) | (12,353,387) |
| Other comprehensive loss | — | — | — | — | — | — | (348,906) | (348,906) | (82,655) | (431,561) |
| Conversion of MoonLake Class C Ordinary Shares into Class A Ordinary Shares | 4,587,713 | 459 | (4,587,713) | (459) | 5,709,595 | — | 43,922 | 5,753,517 | (5,753,517) | — |
| Balance at June 30, 2023 | 53,486,810 | $5,349 | 8,959,195 | $896 | $589,549,979 | $(99,794,347) | $35,124 | $489,797,001 | $9,312,954 | $499,109,955 |
| Share-based compensation under the equity incentive plan ESPP, ESOP, and 2022 MoonLake Immunotherapeutics Equity Incentive Plan | — | — | — | — | 1,238,144 | — | — | 1,238,144 | 187,507 | 1,425,651 |
| Net loss for the three months ended September 30, 2023 | — | — | — | — | — | (9,426,049) | — | (9,426,049) | (2,193,304) | (11,619,353) |
| Other comprehensive income | — | — | — | — | — | — | 2,835,790 | 2,835,790 | 640,658 | 3,476,448 |
| Conversion of MoonLake Class C Ordinary Shares into Class A Ordinary Shares | 74,678 | 7 | (74,678) | (7) | 545,591 | — | 3,149 | 548,740 | (548,740) | — |
| Capital injection from MoonLake to MoonLake AG (Note 11) | — | — | — | — | (60,061,761) | — | 1,135 | (60,060,626) | 57,310,111 | (2,750,515) |
| Balance at September 30, 2023 | 53,561,488 | $5,356 | 8,884,517 | $889 | $531,271,953 | $(109,220,396) | $2,875,198 | $424,933,000 | $64,709,186 | $489,642,186 |
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
| Class A Ordinary Shares · Class C Ordinary Shares · Additional Paid-In Capital · Accumulated Deficit · Accumulated Other Comprehensive Income · Total Shareholders' Equity · Noncontrolling Interests · Total Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2023 | 60,466,453 | $6,047 | 2,505,476 | $251 | $609,969,236 | $(116,657,472) | $2,357,621 | $495,675,683 | $17,815,336 | $513,491,019 |
| Share-based compensation under the ESPP and Equity Incentive Plan | — | — | — | — | 1,693,101 | — | — | 1,693,101 | (15,893) | 1,677,208 |
| Net loss for the three months ended March 31, 2024 | — | — | — | — | — | (13,673,656) | — | (13,673,656) | (301,865) | (13,975,521) |
| Other comprehensive income | — | — | — | — | — | — | 257,949 | 257,949 | 5,554 | 263,503 |
| Conversion of MoonLake Class C Ordinary Shares into Class A Ordinary Shares | 1,493,356 | 149 | (1,493,356) | (149) | 10,536,980 | — | 76,603 | 10,613,583 | (10,613,583) | — |
| Buyback of unvested MoonLake AG Common Shares by MoonLake AG into treasury following an employee contract termination (Note 11) | — | — | — | — | 113,154 | — | 904 | 114,058 | (114,108) | (50) |
| Capital injection from MoonLake to MoonLake AG (Note 11) | — | — | — | — | (4,667,196) | — | 19 | (4,667,177) | 3,057,216 | (1,609,961) |
| Cancellation of MoonLake Class C Ordinary Shares following an employee contract termination in MoonLake AG (Note 11) | — | — | (16,853) | (2) | 2 | — | — | — | — | — |
| Issuance of Class A Ordinary Shares, net of transaction costs (Note 11) | 914,828 | 91 | — | — | 52,540,099 | — | — | 52,540,190 | — | 52,540,190 |
| Balance at March 31, 2024 | 62,874,637 | $6,287 | 995,267 | $100 | $670,185,376 | $(130,331,128) | $2,693,096 | $542,553,731 | $9,832,657 | $552,386,388 |
| Share-based compensation under the ESPP and Equity Incentive Plan | — | — | — | — | 1,813,207 | — | — | 1,813,207 | 15,038 | 1,828,245 |
| Net loss for the three months ended June 30, 2024 | — | — | — | — | — | (24,267,012) | — | (24,267,012) | (491,742) | (24,758,754) |
| Other comprehensive income | — | — | — | — | — | — | 563,811 | 563,811 | 11,807 | 575,618 |
| Balance at June 30, 2024 | 62,874,637 | $6,287 | 995,267 | $100 | $671,998,583 | $(154,598,140) | $3,256,907 | $520,663,737 | $9,367,760 | $530,031,497 |
| Share-based compensation under the ESPP and Equity Incentive Plan | — | — | — | — | 1,827,571 | — | — | 1,827,571 | 15,038 | 1,842,609 |
| Net loss for the three months ended September 30, 2024 | — | — | — | — | — | (35,390,337) | — | (35,390,337) | (724,087) | (36,114,424) |
| Other comprehensive loss | — | — | — | — | — | — | (432,189) | (432,189) | (8,950) | (441,139) |
| Conversion of MoonLake Class C Ordinary Shares into Class A Ordinary Shares | 153,998 | 16 | (153,998) | (16) | 1,336,078 | — | 9,252 | 1,345,330 | (1,345,330) | — |
| Options exercised under the Equity Incentive Plan (Note 11) | 17,390 | 2 | — | — | 91,296 | — | — | 91,298 | — | 91,298 |
| Refund of stamp duty fees for prior capital injection from MoonLake to MoonLake AG (Note 11) | — | — | — | — | 89,915 | — | — | 89,915 | 1,884 | 91,799 |
| Balance at September 30, 2024 | 63,046,025 | $6,305 | 841,269 | $84 | $675,343,443 | $(189,988,477) | $2,833,970 | $488,195,325 | $7,306,315 | $495,501,640 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.