Talkspace files Delaware Section 205 petition to validate charter and stock issuances

Talkspace, Inc.

Filed petition on March 3, 2023 to validate 2021 charter after potential class-vote defect under Boxed ruling.
Hearing set for March 17, 2023 at 11:40 a.m. ET in Delaware Court of Chancery.
As of Nov 4, 2022, 159M shares outstanding; charter authorizes up to 1.1B shares.
Failure to validate could delay Form 10-K filing and risk SEC/NASDAQ suspension.
Company believes separate class votes of Class A and Class B stock were not required, but seeks court confirmation.

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