Talkspace, Inc. (TALK) 

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK). The investigation concerns whether Talkspace and certain of its officers and/or directors have violated federal securities laws and breached fiduciary duties.

 

On November 15, 2021, post-market, Talkspace issued a press release “announc[ing] . . . that its co-founder and CEO, Oren Frank, has decided to step down from his position as CEO and Board member of Talkspace, effective today.”  Shortly thereafter on the same day, Talkspace issued a press release reporting its financial results for the third quarter of 2021.  Among other items, Talkspace disclosed that its net revenue for the quarter “came in below management expectations due to a lower number of B2C [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 price fell $1.23 per share, or 36.28%, to close at $2.16 per share on November 16, 2021.

 

If you are aware of any facts relating to this investigation or purchased Talkspace shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.