NEW YORK, Feb. 18, 2021 /PRNewswire/ -- Talkspace, a
leading digital and virtual behavioral healthcare company, today
announced that CEO Oren Frank and
President, COO and CFO Mark
Hirschhorn will be participating in a fireside chat at the
upcoming Citi 2021 Healthcare Services, Medtech, Tools & HCIT
Virtual Conference on Thursday, February 25,
2021 at 4:15 p.m. ET.
A live webcast of the fireside chat and related presentation
materials will be available at https://www.talkspace.com/investors.
The webcast will be archived for replay following the
conference.
In addition, members of Talkspace's senior management team will
participate in the following upcoming investor conferences and hold
one-on-one meetings with investors:
- The SVB Leerink Global Healthcare Conference on Tuesday, February 23, 2021
- The Cowen 41st Annual Health Care Conference on
Wednesday, March 3, 2021
- The Truist Securities 2021 Technology, Internet & Services
Virtual Conference on Tuesday, March 9,
2021
Merger Agreement With Hudson Executive Investment
Corp.
On January 13, 2021, Talkspace
announced that it entered into a definitive merger agreement with
Hudson Executive Investment Corp. ("HEIC") (NASDAQ: HECCU, HEC,
HECCW), a special purpose acquisition company sponsored by Hudson
Executive Capital LP. The transaction values Talkspace at an
initial enterprise value of $1.4
billion and will provide the company with $250 million of cash, to be used as growth
capital. The combined company will operate as Talkspace and intends
to be listed on Nasdaq under the symbol "TALK".
The transaction, which has been unanimously approved by the
Boards of Directors of Talkspace and HEIC, is expected to close
late in the first quarter or early in the second quarter of 2021,
subject to receipt of HEIC stockholder approval, and the
satisfaction of other customary closing conditions.
About Talkspace
Talkspace is a leading virtual behavioral health platform, and,
since its founding in 2012, it has connected millions of patients
with licensed mental health providers across a wide and growing
spectrum of care through virtual counseling, psychotherapy and
psychiatry. Talkspace created a purpose-built platform to address
the needs of its individual consumer subscribers and enterprise
clients offering convenient and affordable access to a
fully-credentialed network of highly qualified providers.
About Hudson Executive Investment Corp.
Hudson Executive Investment Corp. is a Special Purpose
Acquisition Company formed by Hudson Executive Capital LP (HEC),
Douglas L. Braunstein, and
Douglas G. Bergeron. HEC is an
event-driven investment firm managing over $1.5B in assets. Mr. Braunstein is founder and
co-managing partner of HEC and the former CFO and Vice Chairman of
JP Morgan. Mr. Bergeron is co-managing partner of HEC and the
former Chairman and CEO of VeriFone, Inc. For more information,
visit: https://hudsoninvestcorp.com/.
Contacts
For Media:
Gladstone Place Partners
Steve Lipin / Felipe Ucrós
212-230-5930
For Investors:
Westwicke, an ICR Company
Bob East / Jordan Kohnstam
443-213-0500
TalkspaceIR@westwicke.com
Additional Information and Where to Find It
This press release relates to a proposed transaction between
Talkspace and HEIC. This press release does not constitute an offer
to sell or exchange, or the solicitation of an offer to buy or
exchange, any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. HEIC has filed a
registration statement on Form S-4 with the SEC, which includes a
document that serves as a prospectus and proxy statement of HEIC,
referred to as a proxy statement/prospectus. A proxy
statement/prospectus will be sent to all HEIC shareholders. HEIC
also will file other documents regarding the proposed transaction
with the SEC. Before making any voting decision, investors and
security holders of HEIC are urged to read the registration
statement and the related proxy statement/prospectus (including all
amendments and supplements thereto) and all other relevant
documents filed or that will be filed with the SEC in connection
with the proposed transaction as they become available because they
will contain important information about the proposed
transaction.
Investors and security holders will be able to obtain free
copies of the registration statement, the proxy
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC by HEIC through the website maintained
by the SEC at www.sec.gov.
The documents filed by HEIC with the SEC also may be obtained
free of charge at HEIC'S website at
https://hudsoninvestcorp.com/investors or upon written request
to Hudson Executive Investment Corp., 570 Lexington Avenue,
35th Floor, New York,
NY 10022.
Participants in Solicitation
HEIC and its directors and executive officers may be deemed to
be participants in the solicitation of proxies from HEIC's
shareholders in connection with the proposed transaction. A list of
the names of such directors and executive officers and information
regarding their interests in the business combination is contained
in the proxy statement/prospectus. You may obtain free copies of
these documents as described in the preceding paragraph.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws with respect to
the proposed transaction between Talkspace and HEIC, including
statements regarding the anticipated benefits of the transaction,
the anticipated timing of the transaction, the services offered by
Talkspace and the markets in which it operates, and future
financial condition and performance of Talkspace and expected
financial impacts of the transaction (including future revenue, pro
forma enterprise value and cash balance), the satisfaction of
closing conditions to the transaction, the PIPE transaction, and
the level of redemptions of HEIC's public shareholders. These
forward-looking statements generally are identified by the words
"believe," "project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "opportunity," "plan," "may," "should,"
"will," "would," "will be," "will continue," "will likely result,"
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: (i) the risk that the transaction may not be completed
in a timely manner or at all, which may adversely affect the price
of HEIC's securities, (ii) the risk that the transaction may not be
completed by HEIC's business combination deadline and the potential
failure to obtain an extension of the business combination deadline
if sought by HEIC, (iii) the failure to satisfy the conditions to
the consummation of the transaction, including the approval of the
merger agreement by the shareholders of HEIC, the satisfaction of
the minimum trust account amount following redemptions by HEIC's
public shareholders and the receipt of certain governmental and
regulatory approvals, (iv) the lack of a third party valuation in
determining whether or not to pursue the business combination, (v)
the occurrence of any event, change, or other circumstance that
could give rise to the termination of the merger agreement, (vi)
the effect of the announcement or pendency of the transaction on
Talkspace's business relationships, performance, and business
generally, (vii) risks that the proposed transaction disrupts
current plans and operations of Talkspace, (viii) the outcome of
any legal proceedings that may be instituted against Talkspace or
against HEIC related to the merger agreement or the proposed
transaction, (ix) the ability to maintain the listing of HEIC's
securities on The Nasdaq Stock Market, (x) the price of HEIC's
securities may be volatile due to a variety of factors, including
changes in the competitive and highly regulated industries in which
HEIC plans to operate, variations in performance across
competitors, changes in laws and regulations affecting HEIC's
business and changes in the combined capital structure, (xi) the
ability to implement business plans, forecasts, and other
expectations after the completion of the proposed business
combination, and identify and realize additional opportunities, and
(xii) the risk of downturns in the highly competitive telehealth
and teletherapy markets. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the "Risk Factors"
section of HEIC's Registration Statement on Form S-4 discussed
above and other documents filed by HEIC from time to time with the
SEC. These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Talkspace and HEIC assume no obligation and do not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise. Neither Talkspace nor HEIC gives any assurance that
either Talkspace or HEIC will achieve its expectations.
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SOURCE Talkspace