GlobeNewswire Inc | Dec 7, 2021 03:52PM EST

December 07, 2021

SAN FRANCISCO, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Talkspace, Inc. (NASDAQ: TALK) investors with significant losses to submit your losses now.

Visit:www.hbsslaw.com/investor-fraud/TALKContact An Attorney Now:TALK@hbsslaw.com 844-916-0895

Talkspace, Inc. (TALK) Investigation:

The investigation focuses on Talkspaces statements, leading up to and after its June 23, 2021 merger with special purpose acquisition company Hudson Executive Investment Corp. (HECCU), that Talkspaces financial reports are prepared in conformity with Generally Accepted Accounting Principles.

More specifically, in the past Talkspace and senior management have touted the companys broad-based momentum and its high year-over-year revenue growth.

Their statements came under question on Nov. 15, 2021, when Talkspace announced disappointing Q3 2021 financial results. Management blamed dramatically slowing revenue growth on a lower number of acquired customers in its direct-to-consumer business and on an increased allowance for credit losses of $3.4 million, $2.8 million of which related to prior quarters. The company also announced that co-founders Oren and Roni Frank left the company and relinquished their roles as CEO and Head of Clinical Services, respectively.

Then, on Nov. 22, 2021, Talkspace announced its COO (Mark Hirschhorn) abruptly resigned.

These events prompted several analyst downgrades and drove the price of Talkspace shares sharply lower.

Were focused on investors losses and whether Talkspace may have intentionally inflated its receivables and revenue growth and understated its credit loss allowance, said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Talkspace and have significant losses, or have knowledge that may assist the firms investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Talkspace should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email TALK@hbsslaw.com.

About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact: Reed Kathrein, 844-916-0895