Indeed it does. The only downside of this is that the resulting binary is (at least in my case) almost tripled in size compared to Pyinstaller (5MB vs 14.6MB). But I can live with that.
Still doesn't statically link C libraries (or at least I didn't find the setting for it), or other libraries for that matter.
Pyinstaller binary build depends only on: libdl.so.2, libz.so.1 and libc.so.6.
Nuitka binary build depends on: libdl.so.2, libz.so.1 and libc.so.6 AND libpthread.so.0 (for the loopback mounts I suppose).
The one that always creates problems is libc.so.6, which usually is not present 4 year old systems...