Company: MLTX
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001821586-25-000018
Chunk: 95

Company: MoonLake Immunotherapeutics
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 95
---
73.4 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 June 30, 2025 and December 31, 2024 are as follows:(in thousands)June 30, 2025Amortized costGross unrealized gainsGross unrealized lossesFair valueEurocommercial Papers$58,731 $344 $— $59,075 Certificates of Deposit58,928 399 — 59,327 Total$117,659$743$—$118,402Of which classified within short-term marketable debt securities117,659 743 — 118,402 (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 

16

MOONLAKE IMMUNOTHERAPEUTICSNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2025(Unaudited)

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 June 30, 2025 and 2024:(in thousands)Beginning balance, January 1, 2025$5,407 Other comprehensive income before reclassifications5,955 Amounts reclassified from accumulated other comprehensive income(10,619)Ending balance, June 30, 2025$743(in thousands)Beginning balance, January 1, 2024$2,721 Other comprehensive income before reclassifications8,507 Amounts reclassified from accumulated other comprehensive income(7,673)Ending balance, June 30, 2024$3,555As of June 30, 2025, the Company’s marketable debt securities maturities are all due within one year.

Note