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Shareholders’ Equity (Deficit) (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Stock Authorized and Issued
As a result of the Business Combination, the Company has retroactively restated the share numbers prior to April 5, 2022 to give effect to the Exchange Ratio.
Series A Preferred Shares(1)
Common Shares(1)
Common Shares Held In Treasury(2)
Class A Ordinary Shares(3)
Class C Ordinary Shares(3)
Total Number of Shares
AuthorizedIssuedAuthorizedIssuedIssuedAuthorizedIssuedAuthorizedIssuedAuthorizedIssued and Outstanding
Balance - December 31, 202122,880,90822,880,90813,119,09212,161,331(1,942,837)36,000,00033,099,402
Share-based payment under the equity incentive plan ESPP1,177,3541,177,354
Balance - March 31, 202222,880,90822,880,90813,119,09212,161,331(765,483)36,000,00034,276,756
Issuance of Class A Ordinary Shares upon Business Combination500,000,00018,424,355100,000,000600,000,00018,424,355
Conversion of MoonLake AG shares into Class A Ordinary Shares and Class C Ordinary shares following the Business Combination(22,880,908)(22,880,908)(13,119,092)(12,161,331)765,48318,501,28415,775,472(36,000,000)
Balance - June 30, 2022500,000,00036,925,639100,000,00015,775,472600,000,00052,701,111
(1) Fully paid-in registered shares with a par value of CHF 0.10
(2) Registered shares with a par value of CHF 0.10 held in treasury
(3) Fully paid-in registered shares with a par value of $0.0001