10-Q Filing

Talkspace, Inc. CIK: 1803901 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001193125-20-294645`
Period End Date	20200930
Filing Date	20201116
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	heccu-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 25 Income Statement 14 Cash Flow Statement 29 Stockholders Equity 18

Balance Sheet 25 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
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$163.74K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.37M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and marketable securities held in trust account	`AssetsHeldInTrustNoncurrent`	$414.15M	USD	Point-in-time
Total Assets	`Assets`	$415.53M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$111.67K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$18.43K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$130.09K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$14.49M	USD	Point-in-time
Total Liabilities	`Liabilities`	$14.62M	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`	$5.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-46.50K	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 Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$415.53M	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$182.49K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$118.54K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-118.54K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-182.49K	USD	3 Qtrs
Interest earned on marketable securities held in trust account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$126.86K	USD	1 Quarter
Interest earned on marketable securities held in trust account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$154.42K	USD	3 Qtrs
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.31K	USD	1 Quarter
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-28.07K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.43K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-46.50K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-35.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.11K	USD	1 Quarter

Cash Flow Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-46.50K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-35.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.11K	USD	1 Quarter
Interest earned on marketable securities held in trust account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$126.86K	USD	1 Quarter
Interest earned on marketable securities held in trust account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$154.42K	USD	3 Qtrs
Formation costs paid by Sponsor	`FormationCostsPaidBySponsor`	$-2.12K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$163.74K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$111.67K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.43K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-232.44K	USD	3 Qtrs
Investment of cash into Trust Account	`PaymentsToAcquireRestrictedInvestments`	$414.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-414.00M	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`SaleOfStockConsiderationReceivedOnTransaction`	$405.72M	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$10.28M	USD	3 Qtrs
Proceeds from promissory note related party	`ProceedsFromRelatedPartyDebt`	$100.00	USD	3 Qtrs
Repayment of promissory note related party	`RepaymentsOfRelatedPartyDebt`	$129.71K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$430.70K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$415.44M	USD	3 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.21M	USD	3 Qtrs
Cash Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	$395.95M	USD	3 Qtrs
Change in value of common stock subject to possible redemption	`SharesSubjectToPossibleRedemptionAmount`	$-41.52K	USD	3 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayables`	$14.49M	USD	3 Qtrs
Deferred offering costs paid directly by Sponsor in consideration for the issuance of Class B common stock	`DeferredOfferingCostsPaidDirectlyBySponsor`	$25.00K	USD	3 Qtrs
Payment of offering costs through promissory note related party	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$127.48K	USD	3 Qtrs

Stockholders Equity 18 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
Beginning balance, value	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in value of common stock subject to possible redemption - value	`MinorityInterestChangeInRedemptionValue`	$10.12K	USD	1 Quarter
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`	$-46.50K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-35.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.11K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$24.00K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$5.00M	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.