San Diego, CA -- (SBWIRE) -- 06/08/2022 -- An investigation on behalf of investors of Talkspace, Inc. (NASDAQ: TALK) shares over potential securities laws violations by Talkspace, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of Talkspace, Inc. (NASDAQ: TALK), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Talkspace, Inc. (NASDAQ: TALK) concerning whether a series of statements by Talkspace, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On January 7, 2022, a lawsuit was filed against Talkspace, Inc. over alleged securities laws violations. According to the complaint the plaintiff alleges that, in an attempt to secure shareholder support for the Merger, on May 28, 2021, defendants issued a materially false and misleading Preliminary Proxy on Schedule 14A (the "Proxy"). The plaintiff alleges that the Proxy, which recommended that Hudson Executive Investment Corporation shareholders vote in favor of the Merger, misrepresented Talkspace's business, financials, and prospects, by omitting, among other things, that Talkspace was experiencing significantly increased online advertising costs in its business-to-consumer ("B2C") channel since the start of 2021, that Talkspace was experiencing lower conversion rates in its online advertising in its B2C business, that Talkspace was experiencing increased customer acquisition costs and more tepid B2C demand than represented to investors, that Talkspace was suffering from ballooning customer acquisition costs and worsening growth and gross margin trends, that Talkspace had overvalued its accounts receivables from certain of its health plan clients in its business-to-business channel, which amounts required adjustment downward, and that as a result of the foregoing, Talkspace's 2021 financial guidance was not achievable and lacked any reasonable basis in fact.

The plaintiff alleges that after the Merger closed the Proxy was revealed to be materially false and misleading, causing the price of Talkspace common stock to substantially decline and Talkspace investors to suffer damages under the Exchange Act.

Those who purchased shares of Talkspace, Inc. (NASDAQ: TALK) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.