Fledgling Digital Therapy Company Talkspace has seen its shares collapse amidst a string of unfavourable events, including fading pandemic tailwinds, management changes and mounting losses.
With the company's valuation declining over 82% since the SPAC merger closing nearly a year ago, Talkspace has emerged as a lucrative acquisition target for larger cash-rich companies to consolidate their business.
Since the acquisition rumours of Talkspace hit Wall Street last month, shares of the company have surged over 60%.
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