Hudson Executive Investment filed a definitive proxy statement and set a June 17 meeting date for shareholders to vote on its proposed merger with Talkspace, a digital and virtual therapy healthcare company.
The transaction values Talkspace at an initial enterprise value of $1.4 billion and will provide the company with $250 million of cash to be used as growth capital.
The transaction will be funded with the SPAC’s $414 million of cash in trust (assuming no redemptions), a $25 million forward purchase from Hudson Executive Capital and an additional $25 million committed by Hudson Executive Capital to backstop any redemptions. The transaction is further supported by an oversubscribed $300 million fully committed PIPE at $10 per share. Read more.
