Aug. 1 at 11:19 AM
$TALK just settled for
$8.5M — here’s what it really means:
This is a class action settlement, NOT a business update. It reflects serious concerns about how the company handled its merger disclosures — especially the financials they shared before closing the deal. The complaint points to a misleading Proxy issued on May 28, 2021.
The settlement isn’t a fluke. In fact, it’s based on this:
✅ Talkspace allegedly hid rising ad costs and weak B2C demand
✅ They overstated 2021 guidance and growth potential
✅ Receivables were inflated in their B2B segment
The Proxy used to push the HEIC merger allegedly misrepresented the company’s financial health. After the deal closed, reality hit — and the stock dropped hard.
TALK didn’t admit wrongdoing — but
$8.5M is no small token. It’s a signal. And if you bought shares between 06/11/2020 and 11/15/2021, you’re likely eligible to claim.
Don’t ignore this payout window. It’s a sign that investors are finally being heard — not just diluted.
https://11th.com/cases/talkspace-securities-settlement?utm_source=stocktwits&utm_medium=referral&utm_campaign=testing&utm_content=08012025_1
