Latham, Milbank Guide Talkspace's $1.4B Go-Public Deal

Law360 (January 13, 2021, 3:03 PM EST) -- Mental and behavioral health business Talkspace said Wednesday it's going public through a merger with blank-check company Hudson in a deal valued at $1.4 billion and led by Latham & Watkins LLP and Milbank LLP.

Talkspace said in a joint statement with Hudson Executive Investment Corp. that the deal provides it $250 million in cash to help fund its growth. The company said it estimates its net revenue for 2021 at $125 million, a 69% increase from 2020.

"We are proud of the positive impact Talkspace has made and are excited for the next phase in the company's journey," Talkspace co-founder...

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