/PRNewswire/ Talkspace, the leading digital and virtual behavioral healthcare company, and Hudson Executive Investment Corp. ("HEIC") (NASDAQ: HECCU, HEC,.
By Reuters Staff
2 Min Read
(Reuters) - Online therapy app Talkspace on Wednesday agreed to go public through a merger with Doug Braunstein-backed blank-check firm Hudson Executive Investment Corp, in a deal valued at $1.4 billion, including debt.
The deal includes $300 million by way of private investment by firms including Federated Hermes Kaufmann Funds, Jennison Associates LLC, Woodline Partners LP and Deerfield.
Talkspace’s app links customers with licensed therapists, allowing therapy to be provided via video chat and text. Celebrities such as swimmer Michael Phelps and singer Demi Lovato are promoters of the app.
The company raised $50 million in its last funding round, which was led by venture capital firm Revolution Growth, according to Pitchbook. bit.ly/3i2iY6Q
/PRNewswire/ WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Hudson Executive.