Talkspace to Merge with Hudson Executive Investment Corp., Forming the Only Publicly Traded Pure Play Virtual Behavioral Health Company

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Jan 13, 2021
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- Talkspace targets a vast unmet need in behavioral health, improving access and outcomes while reducing costs

- Transaction and partnership with Hudson Executive Investment Corp. will help Talkspace grow its user base, add partnerships, and expand internationally

- Hudson Executive Investment Corp. is a SPAC led by Doug Braunstein and Doug Bergeron

- Hudson Executive Capital has an outstanding track record in healthcare and technology as both an investor and a strategic partner to public companies

- Pro-forma enterprise value of the transaction is approximately $1.4 billion

- $300MM fully committed PIPE anchored by leading investors including the Federated Hermes Kaufmann Funds, Jennison Associates LLC, Woodline Partners LP, and Deerfield

- Investor call at 8:00 AM Eastern on January 13, 2021

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