10-Q Filing

Talkspace, Inc. CIK: 1803901 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001193125-20-220348`
Period End Date	20200630
Filing Date	20200814
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	heccu-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 23 Income Statement 11 Cash Flow Statement 24 Stockholders Equity 14

Balance Sheet 23 line items

Line Item	Tag	Value	Unit	Period
Class A common stock, subject to possible redemption, shares	`TemporaryEquitySharesOutstanding`	39.59M	shares	Point-in-time
Class A Common stock, Subject to possible redemption, per share	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$174.51K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.68M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and marketable securities held in trust account	`AssetsHeldInTrustNoncurrent`	$414.03M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Assets	`Assets`	$415.71M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$76.67K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$225.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$301.67K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$14.49M	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.79M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.38K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$24.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$415.71M	USD	Point-in-time

Income Statement 11 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$62.95K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$63.95K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-62.95K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-63.95K	USD	2 Qtrs
Interest earned on marketable securities held in trust account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$27.56K	USD	1 Quarter
Interest earned on marketable securities held in trust account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$27.56K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-35.38K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-36.38K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.38K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-35.38K	USD	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.38K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-35.38K	USD	1 Quarter
Interest earned on marketable securities held in trust account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$27.56K	USD	1 Quarter
Interest earned on marketable securities held in trust account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$27.56K	USD	2 Qtrs
Formation costs paid by Sponsor	`FormationCostsPaidBySponsor`	$-2.12K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$174.51K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$76.67K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-159.66K	USD	2 Qtrs
Investment of cash into Trust Account	`PaymentsToAcquireRestrictedInvestments`	$414.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-414.00M	USD	2 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`SaleOfStockConsiderationReceivedOnTransaction`	$405.72M	USD	2 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$10.28M	USD	2 Qtrs
Repayment of promissory note related party	`RepaymentsOfRelatedPartyDebt`	$129.61K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$205.70K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$415.66M	USD	2 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.51M	USD	2 Qtrs
Cash End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.51M	USD	Point-in-time
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	$395.95M	USD	2 Qtrs
Change in value of common stock subject to possible redemption	`SharesSubjectToPossibleRedemptionAmount`	$-31.40K	USD	2 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayables`	$14.49M	USD	2 Qtrs
Deferred offering costs paid directly by Sponsor in consideration for the issuance of Class B common stock	`DeferredOfferingCostsPaidDirectlyBySponsor`	$25.00K	USD	2 Qtrs
Deferred offering costs included in accrued offering costs	`OfferingCostsIncludedInAccountsPayable`	$225.00K	USD	2 Qtrs
Payment of offering costs through promissory note related party	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$127.48K	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Stock Issued During Period, Shares, New Issues	`StockIssuedDuringPeriodSharesNewIssues`	41.40M	shares	1 Quarter
Class of Warrant or Right, Outstanding	`ClassOfWarrantOrRightOutstanding`	10.28M	shares	Point-in-time
Beginning balance, value	`StockholdersEquity`	$24.00K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.00M	USD	Point-in-time
Issuance of Class B common stock to Sponsor , value	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	1 Quarter
Sale of 41,400,000 Units, net of underwriting discounts, shares	`StockIssuedDuringPeriodSharesNewIssues`	41.40M	shares	1 Quarter
Sale of 41,400,000 Units, net of underwriting discounts , value	`StockIssuedDuringPeriodValueNewIssues`	$390.65M	USD	1 Quarter
Sale of 10,280,000 Private Placement Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$10.28M	USD	1 Quarter
Common stock subject to possible redemption , value	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$395.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-36.38K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-35.38K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$24.00K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.