On June 22, 2021, Talkspace, a virtual behavioral healthcare company, completed its merger with Hudson Executive Investment Corp (HEIC). Starting June 23, shares will trade on Nasdaq under the ticker symbols 'TALK' and 'TALKW'. The combined entity is projected to have $250 million in cash, aimed at expanding its user base and partnerships. Talkspace's leadership expressed optimism about enhancing access to mental health services, while HEIC's leadership noted the significance of this milestone in digital behavioral health.
Talkspace has proposed a nine-member board of directors as part of its upcoming merger with Hudson Executive Investment Corp. (NASDAQ: HECCU, HEC, HECCW), effective June 17, 2021. Douglas Braunstein, founder of Hudson Executive Capital, will serve as chairman. The board features leaders from healthcare, technology, and finance, aimed at accelerating Talkspace's growth in digital therapy. As of May 2021, over 2 million people have used Talkspace, highlighting its mission to democratize access to behavioral healthcare.
Hudson Executive Investment Corp. (HEIC) has filed a definitive proxy statement with the SEC and set May 19, 2021, as the record date for a special stockholders' meeting to approve the proposed business combination with Groop Internet Platform, Inc. (Talkspace). The virtual meeting is scheduled for June 17, 2021. HEIC's Board of Directors recommends a 'FOR' vote. Upon completion, the combined entity will trade on NASDAQ under the new ticker symbols 'TALK' and 'TALKW'. Talkspace, a leading virtual behavioral healthcare provider, has served over 2 million users, emphasizing its growth potential.
Talkspace announced participation by CEO Oren Frank and President Mark Hirschhorn in the Citi 2021 Healthcare Services Virtual Conference on February 25, 2021. A live webcast will be available on their investor site. The company will also attend other investor conferences, including the SVB Leerink Global Healthcare Conference and Cowen's Annual Health Care Conference. On January 13, 2021, Talkspace revealed a merger agreement with Hudson Executive Investment Corp., valuing the company at $1.4 billion, with plans to list on Nasdaq under 'TALK'.
Talkspace, a top digital behavioral healthcare provider, has entered a merger agreement with Hudson Executive Investment Corp. (HEIC), valued at $1.4 billion. The deal is expected to provide Talkspace with $250 million in cash for growth initiatives. The merger aims to enhance access to mental health services, catering to a market with over 70 million people affected by mental illness in the US. The transaction is anticipated to close in early Q2 2021, pending shareholder approval, allowing Talkspace to list on NASDAQ under the symbol TALK.