U.S. Markets open in 7 hrs 35 mins
  • S&P Futures

    4,022.75
    +18.00 (+0.45%)
     
  • Dow Futures

    32,243.00
    +84.00 (+0.26%)
     
  • Nasdaq Futures

    12,338.00
    +93.25 (+0.76%)
     
  • Russell 2000 Futures

    1,791.60
    +9.20 (+0.52%)
     
  • Crude Oil

    113.72
    -0.48 (-0.42%)
     
  • Gold

    1,825.60
    +11.60 (+0.64%)
     
  • Silver

    21.64
    +0.08 (+0.39%)
     
  • EUR/USD

    1.0456
    +0.0017 (+0.1673%)
     
  • 10-Yr Bond

    2.8770
    0.0000 (0.00%)
     
  • Vix

    27.47
    -1.40 (-4.85%)
     
  • GBP/USD

    1.2344
    +0.0020 (+0.1642%)
     
  • USD/JPY

    129.3800
    +0.3270 (+0.2534%)
     
  • BTC-USD

    30,413.93
    +64.78 (+0.21%)
     
  • CMC Crypto 200

    683.11
    +440.43 (+181.49%)
     
  • FTSE 100

    7,464.80
    +46.65 (+0.63%)
     
  • Nikkei 225

    26,634.91
    +87.86 (+0.33%)
     

Talkspace Investor Alert: Kaplan Fox Investigates Potential Securities Fraud Talkspace, Inc.

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

NEW YORK, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK), a digital and virtual behavioral healthcare company. Talkspace’s app reportedly links customers with licensed therapists, providing therapy via video chat and text.

On June 22, 2021, Talkspace announced the completion of its business combination with a special purpose acquisition company (SPAC) and that its shares would begin to trade on the Nasdaq Stock Market on June 23, 2021.

On November 15, 2021, after the market closed, Talkspace reported disappointing third quarter 2021 financial results, including that “Q3 Net Revenue came in below management expectations due to a lower number of B2C customers and one-time non-cash reserve adjustment for credit losses on receivables related to prior periods.” Additionally, the Company announced that its co-founders and top executives were leaving the Company only five months after going public. Specifically, Talkspace announced that as of November 15, its co-founder and CEO, Oren Frank, had stepped down from his position as CEO and Board member of Talkspace and that Roni Frank, co-founder and Head of Clinical Services, had stepped down from her role and from the Board of Directors.

Following this news, Talkspace shares fell $1.23 per share, over 36%, to close at $2.16 per share on November 16, 2021.

If you purchased or otherwise acquired Talkspace securities and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this investigation, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 687-1980
E-mail: jcampisi@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com