TALK LAST DEADLINE TUESDAY: GLOBALLY RESPECTED INVESTOR ADVISOR ROSEN encourages Talkspace, Inc. investors with losses to find a lawyer before the important March 8 deadline in the securities class action lawsuit

NEW YORK, March 6, 2022 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, reminds investors of Talkspace, Inc. (NASDAQ: TALK) that: (a) has purchased or otherwise acquired securities of Talkspace between June 11, 2020 and November 15, 2021, both dates inclusive; and/or (b) held shares of Talkspace common stock on the record date of the special meeting of shareholders held on June 17, 2021important March 8, 2022 lead applicant deadline.

SO WHAT: If you have purchased Talkspace titles, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Talkspace class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=3144 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than March 8, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, in an attempt to gain shareholder support for the Merger, the May 28, 2021, the Defendants issued a materially false and misleading preliminary power of attorney on Schedule 14A (the “Power of Attorney”). The proxy, which recommended that HEIC shareholders vote in favor of the merger, misrepresented Talkspace’s business, financials and outlook by omitting, among other things, that: (1) Talkspace was experiencing a significant increase in online advertising costs in its business-to-consumer (“B2C”) channel since early 2021; (2) Talkspace was experiencing lower conversion rates in its online advertising in its B2C business; (3) Talkspace was experiencing rising customer acquisition costs and weaker B2C demand than represented to investors; (4) Talkspace was suffering from soaring customer acquisition costs and deteriorating growth and gross margin trends; (5) Talkspace had overstated its accounts receivable from some of its health plan customers in its business-to-business channel, the amounts of which required downward adjustment; and (6) as a result of the foregoing, Talkspace’s financial forecast for 2021 was not achievable and lacked a reasonable basis in fact. The complaint alleges that after the merger closed, the proxy was found to be materially false and misleading, resulting in a substantial decline in the price of Talkspace’s common stock and damages to Talkspace’s investors under the Exchange Act.

To join the Talkspace class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=3144 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.

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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

SOURCE Rosen Law Firm, Pennsylvania

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