Canada Markets open in 7 hrs 59 mins
  • S&P/TSX

    20,590.98
    -30.42 (-0.15%)
     
  • S&P 500

    4,356.45
    -53.68 (-1.22%)
     
  • DOW

    34,297.73
    -66.77 (-0.19%)
     
  • CAD/USD

    0.7940
    +0.0021 (+0.2604%)
     
  • CRUDE OIL

    85.33
    -0.27 (-0.32%)
     
  • BTC-CAD

    47,361.50
    +1,766.18 (+3.87%)
     
  • CMC Crypto 200

    853.84
    +43.24 (+5.33%)
     
  • GOLD FUTURES

    1,848.60
    -3.90 (-0.21%)
     
  • RUSSELL 2000

    2,004.03
    +16.11 (+0.81%)
     
  • 10-Yr Bond

    1.7830
    0.0000 (0.00%)
     
  • NASDAQ futures

    14,228.25
    +87.50 (+0.62%)
     
  • VOLATILITY

    31.16
    +2.31 (+8.01%)
     
  • FTSE

    7,371.46
    -122.67 (-1.64%)
     
  • NIKKEI 225

    27,011.33
    -120.01 (-0.44%)
     
  • CAD/EUR

    0.7021
    +0.0019 (+0.27%)
     

TALKSPACE ALERT: Bragar Eagel & Squire, P.C. is Investigating Talkspace, Inc. on Behalf of Talkspace Stockholders and Encourages Investors to Contact the Firm

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • TALK

NEW YORK, Nov. 27, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK) on behalf of Talkspace stockholders. Our investigation concerns whether Talkspace has violated the federal securities laws and/or engaged in other unlawful business practices.

Click here to participate in the action.

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, the Company’s share price declined by $1.23 per share, or approximately 36.3%, from $3.39 per share to close at $2.16 per share on November 16, 2021.

If you purchased or otherwise acquired Talkspace shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Alexandra B. Raymond by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting