Esports Entertainment restates historical financials for reverse split; FY2022 net loss $102M, going concern flagged

ESPORTS ENTERTAINMENT GROUP, INC.

Auditors raise substantial doubt about going concern; accumulated deficit $149M as of June 30, 2022.
FY2022 net loss $102.2M on revenue $58.4M; includes $46.5M asset impairment charge.
1-for-100 reverse stock split effective Feb 2023; prior periods retrospectively adjusted.
Derivative liability $9.4M, warrant liability $2.2M at June 30, 2022.
MD&A for nine months ended March 31, 2023 also included in filing.

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