Company: MLTX
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001821586-25-000011
Chunk: 29

Company: MoonLake Immunotherapeutics
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 a market interest rate, which is a Level 2 input as it is not actively traded. As of March 31, 2025, total outstanding debt of $73.0 million is reported at amortized cost which approximates the fair value.

Note 6 – Investments

The fair value and amortized cost of investments in short-term marketable debt securities by major security type as of March 31, 2025 and December 31, 2024 are as follows:(in thousands)March 31, 2025Amortized costGross unrealized gainsGross unrealized lossesFair valueEurocommercial Papers$205,913 $2,651 $— $208,564 Total$205,913$2,651$—$208,564Of which classified within short-term marketable debt securities205,913 2,651 — 208,564 

15

MOONLAKE IMMUNOTHERAPEUTICSNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2025(Unaudited)

(in thousands)December 31, 2024Amortized costGross unrealized gainsGross unrealized lossesFair valueEurocommercial Papers$204,572 $3,129 $— $207,701 Certificates of Deposit117,305 2,278 — 119,583 Total$321,877$5,407$—$327,284Of which classified within cash and cash equivalents59,311 372 — 59,683 Of which classified within short-term marketable debt securities262,566 5,035 — 267,601 The following table presents the changes in fair values of the Company’s short-term marketable debt securities, classified as Level 2 financial assets, and recognized in accumulated other comprehensive income as of March 31, 2025 and December 31, 2024:(in thousands)Beginning balance, January 1, 2025$5,407 Other comprehensive income before reclassifications2,913 Amounts reclassified from accumulated other comprehensive income(5,669)Ending balance, March 31, 2025$2,651(in thousands)Beginning balance, January 1, 2024$2,721 Other comprehensive income before reclassifications3,748 Amounts reclassified from accumulated other comprehensive income(3,566)Ending balance, March 31, 2024$