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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

The Law Offices of Frank R. Cruz Announces Investigation of Talkspace, Inc. (TALK, TALKW) on Behalf of Investors

December 16, 2021 GMT

LOS ANGELES--(BUSINESS WIRE)--Dec 16, 2021--

The Law Offices of Frank R. Cruz announces an investigation of Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK, TALKW ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On November 15, 2021, Talkspace announced that its co-founder and CEO had resigned. Later that same day, the Company released its third quarter financial results, revealing that its net revenue “came in below management expectations due to a lower number of [business-to-consumer] customers and a one-time non-cash reserve adjustment for credit losses on receivables related to prior periods.”

On this news, Talkspace’s stock fell $1.23, or 36%, to close at $2.16 per share on November 16, 2021, thereby injuring investors.

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If you purchased Talkspace securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211216005420/en/

CONTACT: The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Law Offices of Frank R. Cruz

Copyright Business Wire 2021.

PUB: 12/16/2021 01:15 PM/DISC: 12/16/2021 01:16 PM

http://www.businesswire.com/news/home/20211216005420/en