Nxu files recast FY2022 financials reflecting Atlis merger; net loss $70.7M, going concern doubt

Nxu, Inc.

Recast financials give retrospective effect to May 12, 2023 reorganization merger of Atlis into Nxu.
FY2022 net loss of $70.7M (diluted EPS -$8.88) vs FY2021 net loss of $133.7M (-$10.77).
Cash at Dec 31, 2022 was $2.7M, with accumulated deficit of $218.6M.
Auditor's report includes emphasis-of-matter paragraph on substantial doubt about going concern.
No changes to previously reported financial statements other than merger recasting.

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