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Business Combination Agreement with Helix and Recapitalization (Tables) | 12 Months Ended
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Dec. 31, 2023
Reverse Recapitalization [Abstract] |
Summary of Net Proceeds and Ordinary Shares Issued | The following table summarizes the elements of the net proceeds from the Business Combination:
|  | in thousands
Investments held in Trust Account |  | $ | 115,051
Less cash to cover redemptions of the Class A Ordinary Shares issued by Helix prior to the Closing Date |  | (80,842)
Plus PIPE investment |  | 116,000
Less Helix transaction expense |  | (15,520)
of which accrued expenses |  | (5,798)
of which deferred IPO underwriting fee |  | (4,025)
of which other transaction expenses |  | (5,697)
Available Closing Date Cash |  | $ | 134,689
The following table summarizes the number of Ordinary Shares outstanding immediately following the consummation of the Business Combination:
Helix Acquisition Corp. Ordinary Shares prior to the Business Combination |  | 14,805,000
Of which Class A Ordinary Shares (Helix management - IPO private placement shares) |  | 430,000
Of which Class A Ordinary Shares redeemable |  | 11,500,000
Of which Class B Ordinary Shares (Helix management - sponsor promote) |  | 2,875,000
Less redemptions of the Class A Ordinary Shares issued by Helix prior to the Closing Date |  | (8,080,645)
Plus issuance of Helix Class A Ordinary Shares to PIPE Investors |  | 11,700,000
Plus issuance of Helix Class A Ordinary Shares to BVF Shareholders |  | 18,501,284
Total MoonLake Class A Ordinary Shares Outstanding at Closing |  | 36,925,639
Plus issuance of Helix Class C Ordinary Shares to ML Parties (other than the BVF Shareholders) |  | 15,775,472
Total MoonLake Class A and Class C Ordinary Shares Outstanding at Closing |  | 52,701,111

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- Definition Reverse Recapitalization + References No definition available. + Details
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- Definition Schedule Of Reverse Recapitalization + References No definition available. + Details
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