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Investigation announced for Investors in shares of Talkspace, Inc. (NASDAQ: TALK)

12-02-2021 07:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Talkspace, Inc. (NASDAQ: TALK) shares over potential securities laws violations by Talkspace.

An investigation for investors in Talkspace, Inc. (NASDAQ: TALK) shares over potential securities laws violations by Talkspace.

An investigation was announced concerning potential securities laws violations by Talkspace, Inc. in connection with certain financial statements.

Investors who purchased shares of Talkspace, Inc. (NASDAQ: TALK), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Talkspace, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

New York based Talkspace Inc. operates as a virtual behavior healthcare company.

On November 15, 2021, post-market, Talkspace, Inc. 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."

Shares of Talkspace, Inc. (NASDAQ: TALK) declined from $4.04 per share on November 4, 2021, to as low as $1.98 per share on November 23, 2021.

Those who purchased shares of Talkspace, Inc. (NASDAQ: TALK) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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