Talkspace reaches preliminary settlement in derivative lawsuit; court approves $550K fee payment

Talkspace, Inc.

Parties reached Stipulation of Settlement on May 18, 2023; court granted preliminary approval June 30, 2023.
Company to pay $550,000 to plaintiffs' counsel for fees and expenses; defendants admit no liability.
Talkspace will implement corporate governance changes as part of settlement terms.
Final settlement hearing scheduled for August 16, 2023; settlement resolves claims from merger with HEIC.

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