Online therapy provider Talkspace failed to disclose user growth headwinds and higher advertising costs in the lead up to its $1.4 billion merger with a blank check company last June, a new shareholder suit said, according to Bloomberg.
Executives and directors at Talkspace and Hudson Executive Investment, the SPAC that took Talkspace public, failed to tell investors about “worsening growth” and other negative developments in the early months of 2021, according to the complaint filed Jan. 7 in the U.S. District Court for the Southern District of New York. Read more.
