Hudson Executive Investment in an 8-K filing saaid it would amend and refile its financial statements going back to February 2020 to reflect the SEC’s position on accounting for warrants as liabilities.
Dozens of SPACs in the last three weeks have told investors not to rely on financial statements that have not been revised to align with the SEC’s position on warrants.
Hudson is in a pending merger with digital and virtual therapy healthcare company Talkspace. Pending shareholder approval, the combined company would operate as Talkspace with plans to list on the Nasdaq under TALK. The transaction values Talkspace at an initial enterprise value of $1.4 billion. Read more.
