The behavioural health assistance platform will get a public listing through the deal, which follows $110m from investors including SoftBank.
Talkspace, the US-based on-demand therapy provider that counts telecommunications and internet group SoftBank as an investor, agreed on Wednesday to a reverse merger with a special purpose acquisition company (SPAC).
The SPAC, Hudson Executive Investment Corp, is sponsored by private equity firm Hudson Executive Capital and floated on the Nasdaq Capital Market in a $360m initial public offering in June 2020. The deal gives Talkspace an initial enterprise valuation of $1.4bn.
Investors including Federated Hermes Kaufmann Funds, Jennison Associates,…
