Talkspace, Inc. Investigation
Girard Sharp is investigating potential claims on behalf of Talkspace, Inc. (f/k/a Hudson Executive Investment Corporation or HEIC) investors based on allegations that the company’s founders and managers may have misrepresented its business prospects for their own financial gain.
If you invested in Talkspace, Inc., you may have a claim for relief.
Speak with a Girard Sharp investment fraud attorney for a free consultation by calling toll-free at (866) 981-4800 or by filling out the form below:
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More Information on Talkspace, Inc.
On June 22, 2021, private technology company Talkspace went public by merging with HEIC, which then changed its name to Talkspace, Inc. On January 7, 2022, Ivan M. Baron filed a complaint in the Southern District of New York alleging that HEIC’s founders and managers knew, before the merger, that Talkspace, Inc. was unlikely to meet the financial forecasts that HEIC projected for it. The complaint further alleges that HEIC’s founders and managers were required to enter into a merger with a target company within 24 months of HEIC’s IPO, or lose $102.5 million worth of their founder shares. As a result, with the deadline approaching and to the detriment of its shareholders, HEIC allegedly rushed into a merger with Talkspace in order to save its founders’ and managers’ multi-million-dollar investment. After releasing its disappointing post-merger financial results, and an earnings call in which senior management acknowledged certain headwinds affecting the company, Talkspace’s share price collapsed, losing 80% of its value in just over a month.
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For a free consultation about your potential claims, contact one of our investment fraud attorneys at (866) 981-4800 or by filling out the form above.