- CEO
- Douglas G. Bergeron
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 570 Lexington Avenue, 35Th Floor New York City NY United States of America 10022
- IPO Date
- Jun 9, 2020
- Business
- Hudson Executive Investment Corp. (HECCU) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations and focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets, targeting opportunities primarily in financial services, healthcare, and technology sectors across global markets. Sponsored by Hudson Executive Capital LP, the company provides merger and acquisition facilitation services through its trust-held IPO proceeds, forward purchase commitments, and PIPE financing arrangements; its core offerings include structured business combination transactions supported by cash in trust, redemption backstops, and equity investments from anchor investors such as Federated Hermes Kaufmann Funds, Jennison Associates, Woodline Partners, and Deerfield. Incorporated in 2020 and headquartered at 570 Lexington Avenue, New York, New York, the company completed a $414 million initial public offering in June 2020 led by Citigroup; in its principal transaction, it merged with Groop Internet Platform Inc. (operating as Talkspace), a digital behavioral healthcare provider, in a reverse merger announced January 2021, approved June 17, 2021, and closed June 22, 2021, valuing Talkspace at a $1.4 billion enterprise value with $250 million in growth capital from trust cash, a $25 million forward purchase, redemption backstops, and a $300 million PIPE, after which the combined entity trades as Talkspace Inc. (TALK) on Nasdaq.