Law Offices of Howard G. Smith announces an investigation on behalf of Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK, TALKW) investors concerning the Company’s possible violations of the federal securities laws.
On November 15, 2021, Talkspace announced that its co-founder and CEO had resigned. Later that same day, the Company released its third quarter financial results, revealing that its net revenue “came in below management expectations due to a lower number of [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 fell $1.23, or 36%, to close at $2.16 per share on November 16, 2021, thereby injuring investors.
If you purchased Talkspace securities, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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Law Offices of Howard G. Smith
Howard G. Smith, Esquire