NEW YORK, Feb. 23, 2022 /PRNewswire/ -- The Gross Law
Firm issues the following notice on behalf of shareholders of
Talkspace, Inc. f/k/a Hudson Executive Investment
Corporation.
Shareholders who purchased shares of TALK during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/talkspace-inc-f-k-a-hudson-executive-investment-corporation-loss-submission-form/?id=23916&from=4
CLASS PERIOD: This lawsuit is on behalf of: (a) all
persons or entities that purchased or otherwise acquired Talkspace
securities between June 11, 2020 and
November 15, 2021, both dates
inclusive, and/or (b) all holders of Talkspace common stock as of
the record date for the special meeting of shareholders held on
June 17, 2021.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) Hudson Executive
Investment Corporation ("HEIC") had overstated its competitive
advantage and due diligence capabilities with respect to
identifying and effectuating a merger with target companies; (ii)
HEIC had conducted inadequate due diligence into then-private,
pre-Merger Talkspace, or else ignored and/or failed to disclose
multiple red flags concerning then-private, pre-Merger Talkspace's
business and operations; (iii) Talkspace was experiencing
significantly increased online advertising costs in its B2C
business since the beginning of 2021; (iv) Talkspace was
experiencing lower conversion rates in its online advertising in
its business-to-consumer ("B2C") business; (v) as a result of (iii)
and (iv) above, Talkspace was experiencing increased customer
acquisition costs and more tepid B2C demand than represented to
investors; (vi) as a result of (iii)-(v) above, Talkspace was
suffering from ballooning customer acquisition costs and worsening
growth and gross margin trends; (vii) Talkspace had overvalued its
accounts receivables from certain of its health plan clients in its
B2B business, which amounts required adjustment downward; and
(viii) as a result of (iii)-(vii) above, Talkspace's 2021 financial
guidance was not achievable and lacked any reasonable basis in
fact.
DEADLINE: March 8,
2022 Shareholders should not delay in registering
for this class action. Register your information here:
https://securitiesclasslaw.com/securities/talkspace-inc-f-k-a-hudson-executive-investment-corporation-loss-submission-form/?id=23916&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of TALK during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is March 8, 2022. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm