10-K/A Filing

Talkspace, Inc. CIK: 1803901 FY 2020

Filing Information

Form Type	10-K/A
Accession Number	`0001193125-21-150475`
Period End Date	20201231
Filing Date	20210505
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	heccu-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 43 Cash Flow Statement 56 Stockholders Equity 14

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Class A common stock, subject to possible redemption, shares	`TemporaryEquitySharesOutstanding`	33.66M	shares	Point-in-time
Class A Common stock, Subject to possible redemption, per share	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$118.53K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities held in trust account	`AssetsHeldInTrustNoncurrent`	$414.23M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Assets	`Assets`	$415.53M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.63M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.07K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.64M	USD	Point-in-time
FPA Liability	`FpaLiability`	$1.10M	USD	Point-in-time
FPA Liability	`FpaLiability`	$675.00K	USD	Point-in-time
FPA Liability	`FpaLiability`	$4.22M	USD	Point-in-time
FPA Liability	`FpaLiability`	$350.00K	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$36.04M	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$34.70M	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$36.66M	USD	Point-in-time
Warrant liability	`WarrantsAndRightsOutstanding`	$53.59M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$14.49M	USD	Point-in-time
Total Liabilities	`Liabilities`	$73.95M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption, 33,657,472 shares at $10.00 per share redemption value	`TemporaryEquityCarryingAmountAttributableToParent`	$360.90M	USD	Point-in-time
Class A common stock subject to possible redemption, 33,657,472 shares at $10.00 per share redemption value	`TemporaryEquityCarryingAmountAttributableToParent`	$336.57M	USD	Point-in-time
Class A common stock subject to possible redemption, 33,657,472 shares at $10.00 per share redemption value	`TemporaryEquityCarryingAmountAttributableToParent`	$358.15M	USD	Point-in-time
Class A common stock subject to possible redemption, 33,657,472 shares at $10.00 per share redemption value	`TemporaryEquityCarryingAmountAttributableToParent`	$359.20M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$11.00	USD	Point-in-time
Common stock	`CommonStockValue`	$774.00	USD	Point-in-time
Common stock	`CommonStockValue`	$548.00	USD	Point-in-time
Common stock	`CommonStockValue`	$531.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.91M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$32.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.61M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	-	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 43 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.78M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.78M	USD	Annual
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	$1.96M	USD	3 Qtrs
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	$1.34M	USD	1 Quarter
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	$619.60K	USD	1 Quarter
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	$1.34M	USD	2 Qtrs
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	$18.90M	USD	Annual
Change in fair value of FPA	`FairValueAdjustmentsOfFpa`	$425.00K	USD	1 Quarter
Change in fair value of FPA	`FairValueAdjustmentsOfFpa`	$325.00K	USD	1 Quarter
Change in fair value of FPA	`FairValueAdjustmentsOfFpa`	$3.88M	USD	Annual
Change in fair value of FPA	`FairValueAdjustmentsOfFpa`	$325.00K	USD	2 Qtrs
Change in fair value of FPA	`FairValueAdjustmentsOfFpa`	$750.00K	USD	3 Qtrs
Compensation expense in connection with issuance of Private Placement Warrants	`AdjustmentOfWarrantsGrantedForServices`	$1.23M	USD	Annual
Compensation expense in connection with issuance of Private Placement Warrants	`AdjustmentOfWarrantsGrantedForServices`	$1.23M	USD	1 Quarter
Compensation expense in connection with issuance of Private Placement Warrants	`AdjustmentOfWarrantsGrantedForServices`	$1.23M	USD	3 Qtrs
Compensation expense in connection with issuance of Private Placement Warrants	`AdjustmentOfWarrantsGrantedForServices`	$1.23M	USD	2 Qtrs
Initial classification of FPA	`InitialClassificationOfFpa`	$350.00K	USD	Annual
Initial classification of FPA	`InitialClassificationOfFpa`	$350.00K	USD	3 Qtrs
Initial classification of FPA	`InitialClassificationOfFpa`	$350.00K	USD	1 Quarter
Initial classification of FPA	`InitialClassificationOfFpa`	$350.00K	USD	2 Qtrs
Transaction costs attributable to Warrants	`TransactionCostsAttributableToWarrants`	$1.32M	USD	Annual
Transaction costs attributable to Warrants	`TransactionCostsAttributableToWarrants`	$1.32M	USD	1 Quarter
Transaction costs attributable to Warrants	`TransactionCostsAttributableToWarrants`	$1.32M	USD	3 Qtrs
Transaction costs attributable to Warrants	`TransactionCostsAttributableToWarrants`	$1.32M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$228.28K	USD	Annual
Other expense, net	`OperatingExpenses`	$25.45M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-27.23M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.07K	USD	Annual
Net loss	`NetIncomeLoss`	$-27.24M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.61M	USD	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.35M	shares	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.35M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.35M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.35M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.35M	shares	3 Qtrs
Basic and diluted income per share	`EarningsPerShareBasicAndDiluted`	$-0.45	USD	2 Qtrs
Basic and diluted income per share	`EarningsPerShareBasicAndDiluted`	$-0.55	USD	3 Qtrs
Basic and diluted income per share	`EarningsPerShareBasicAndDiluted`	$-0.45	USD	1 Quarter
Basic and diluted income per share	`EarningsPerShareBasicAndDiluted`	$-2.64	USD	Annual
Basic and diluted income per share	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-27.24M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.61M	USD	2 Qtrs
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	$1.96M	USD	3 Qtrs
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	$1.34M	USD	1 Quarter
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	$619.60K	USD	1 Quarter
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	$1.34M	USD	2 Qtrs
Change in fair value of Warrants	`FairValueAdjustmentOfWarrants`	$18.90M	USD	Annual
Change in fair value of FPA	`FairValueAdjustmentsOfFpa`	$425.00K	USD	1 Quarter
Change in fair value of FPA	`FairValueAdjustmentsOfFpa`	$325.00K	USD	1 Quarter
Change in fair value of FPA	`FairValueAdjustmentsOfFpa`	$3.88M	USD	Annual
Change in fair value of FPA	`FairValueAdjustmentsOfFpa`	$325.00K	USD	2 Qtrs
Change in fair value of FPA	`FairValueAdjustmentsOfFpa`	$750.00K	USD	3 Qtrs
Compensation expense in connection with issuance of Private Placement Warrants	`AdjustmentOfWarrantsGrantedForServices`	$1.23M	USD	Annual
Compensation expense in connection with issuance of Private Placement Warrants	`AdjustmentOfWarrantsGrantedForServices`	$1.23M	USD	1 Quarter
Compensation expense in connection with issuance of Private Placement Warrants	`AdjustmentOfWarrantsGrantedForServices`	$1.23M	USD	3 Qtrs
Compensation expense in connection with issuance of Private Placement Warrants	`AdjustmentOfWarrantsGrantedForServices`	$1.23M	USD	2 Qtrs
Initial classification of FPA	`InitialClassificationOfFpa`	$350.00K	USD	Annual
Initial classification of FPA	`InitialClassificationOfFpa`	$350.00K	USD	3 Qtrs
Initial classification of FPA	`InitialClassificationOfFpa`	$350.00K	USD	1 Quarter
Initial classification of FPA	`InitialClassificationOfFpa`	$350.00K	USD	2 Qtrs
Transaction costs attributable to Warrants	`TransactionCostsAttributableToWarrants`	$1.32M	USD	Annual
Transaction costs attributable to Warrants	`TransactionCostsAttributableToWarrants`	$1.32M	USD	1 Quarter
Transaction costs attributable to Warrants	`TransactionCostsAttributableToWarrants`	$1.32M	USD	3 Qtrs
Transaction costs attributable to Warrants	`TransactionCostsAttributableToWarrants`	$1.32M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$228.28K	USD	Annual
Formation costs paid by Sponsor	`FormationCostsPaidBySponsor`	$-2.12K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$118.53K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.63M	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$10.07K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-261.32K	USD	Annual
Investment of cash into Trust Account	`PaymentsToAcquireRestrictedInvestments`	$414.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-414.00M	USD	Annual
Proceeds from sale of Units, net of underwriting discounts paid	`SaleOfStockConsiderationReceivedOnTransaction`	$405.72M	USD	Annual
Proceeds from sale of Private Placement Units	`ProceedsFromIssuanceOfPrivatePlacement`	$10.28M	USD	Annual
Proceeds from promissory note related party	`ProceedsFromRelatedPartyDebt`	$100.00	USD	Annual
Repayment of promissory note related party	`RepaymentsOfRelatedPartyDebt`	$129.71K	USD	Annual
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$430.70K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$415.44M	USD	Annual
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.18M	USD	Annual
Cash Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash End of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	$360.90M	USD	3 Qtrs
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	$360.90M	USD	Annual
Initial classification of common stock subject to possible redemption	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	$360.90M	USD	2 Qtrs
Change in value of common stock subject to possible redemption	`SharesSubjectToPossibleRedemptionAmount`	$-1.70M	USD	2 Qtrs
Change in value of common stock subject to possible redemption	`SharesSubjectToPossibleRedemptionAmount`	$-2.75M	USD	3 Qtrs
Change in value of common stock subject to possible redemption	`SharesSubjectToPossibleRedemptionAmount`	$-24.32M	USD	Annual
Deferred offering costs paid directly by Sponsor in consideration for the issuance of Class B common stock	`DeferredOfferingCostsPaidDirectlyBySponsor`	$25.00K	USD	Annual
Payment of offering costs through promissory note related party	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$127.48K	USD	Annual
Deferred underwriting commissions	`DeferredUnderwritingFeePayables`	$14.49M	USD	Annual
Initial fair value of warrant liability	`WarrantsAndRightsOutstandingFairValueDisclosureNonCashTransaction`	$34.70M	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Stock Issued During Period, Shares, New Issues	`StockIssuedDuringPeriodSharesNewIssues`	41.40M	shares	Annual
Beginning balance, value	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$5.00M	USD	Point-in-time
Issuance of Class B common stock to initial stockholders , value	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	Annual
Sale of 41,400,000 Units, net of underwriting discounts, warrant liabilities and other offering costs , shares	`StockIssuedDuringPeriodSharesNewIssues`	41.40M	shares	Annual
Sale of 41,400,000 Units, net of underwriting discounts, warrant liabilities and other offering costs , value	`StockIssuedDuringPeriodValueNewIssues`	$268.74M	USD	Annual
Class A Common stock subject to possible redemption , value	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$336.57M	USD	Annual
Net loss	`NetIncomeLoss`	$-27.24M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.61M	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	-	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.