Talkspace SPAC Presentation Deck slide image

Talkspace SPAC Presentation Deck

Pro forma capitalization and ownership Estimated transaction sources & uses¹ ($mm) Sources SPAC Cash in Trust Hudson Executive Capital Forward Purchase PIPE Total cash sources Uses Cash to balance sheet Secondary proceeds Estimated transaction expenses ¹ Total cash uses $414 $25 $300 $739 $250 $444 $45 $739 Post-money valuation at close ($mm) PF Transaction Illustrative Talkspace Share Price PF Shares Outstanding Total Equity Value (+) Debt at close (-) Cash at close PF Enterprise Value PF EV / 2021E Net Revenue PF EV / 2022E Net Revenue Illustrative post-transaction ownership2 HEIC sponsor FPA 4% 2% PIPE 18% HEIC shareholders 25% Existing Talkspace shareholders 51% t 1 Transaction expenses are an estimate; 2 Total pro forma shares outstanding includes 83.9 million rollover equity shares, 41.4 million for HEIC public investors, 30.0 million from PIPE, 7.2 million SPAC sponsor shares, and 2.5 million from HEIC forward purchase agreement. Assumes no redemptions, no management awards and does not include impact of dilution from 20.7 million public warrants, 10.3 million private warrants, and 1.3 million FPA warrants. 1.6 million SPAC sponsor share vest when the stock reaches $12 and 1.6 million share at $15 $10 165.0 $1,650 $0 ($250) $1,400 11.2x 6.8x 68
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