- 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
PR Newswire
NEW YORK, Jan. 13, 2021