secwatch.observer — SEC 8-K summary
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Issuer:     Nxu, Inc. (NXUR)
CIK:        0001722969
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001214659-23-012409
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923012409/0001214659-23-012409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722969/000121465923012409/p9152308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-012409

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