Talkspace
According to the Israeli news site Calcalist, Amwell is in talks to purchase Talkspace for around $1.50 per share.
Amwell, Hims & Hers, Insulet and Butterfly Network also post third quarter results.
Also: Butterfly Network reports a year-over-year revenue increase of more than 25%, with a $44.5 million net loss, and One Medical announces a significant jump in revenue.
This new rollout comes after Talkspace acquired self-guided app Lasting in 2020.
The class action lawsuit alleges a proxy statement provided to investors before the merger misrepresented the company's financial performance and prospects.
The resignation comes a week after the company announced its cofounders were leaving their roles.
Also: Cleo taps new VP of Product, Komodo Health names CRO, Talkspace welcomes former Eli Lilly exec and Zipari adds to C-suite.
Also: Maven welcomes its first CMO, Flume Health adds Haven alum as COO and Nexben hires CTO.
The opening day stock prices are listed at $8.90 and the deal is expected to give Talkspace $250 million in growth capital.
After some called 2020 the “biggest year for IPOs,” analysts predicted the wave of digital health public offerings to last into the new year.