Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 144

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 144
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 common stock. The Share Repurchase Program will remain in effect until the total authorized dollar amount of shares is  repurchased or August 1, 2026.

During the year ended December 31, 2024, the Company repurchased and retired an aggregate of 3,911,259 shares of its common stock for a total consideration of $11.0 million ($2.81 per share). As of December 31, 2024, $29.0 million remained available under the Share Repurchase Program. 

Such purchases will be at times and in amounts as the Company deems appropriate, based on factors such as price, market  conditions, corporate and regulatory requirements, constraints specified in any Rule 10b5-1 trading plans, alternative  investment opportunities and other business considerations. All shares repurchased will be retired. The program does not obligate the Company to repurchase any dollar amount or number of shares, and may be modified, suspended, or discontinued  at any time at the Company’s discretion without prior notice.

51

Cash Flows from Operating, Investing and Financing Activities 

The following table presents the summary consolidated cash flow information for the years ended December 31, 2024 and 2023: 

    Year EndedDecember 31,

    2024

    2023

    (in thousands)

    Net cash provided by (used in) operating activities
     
    $
    11,704

    $
    (16,393
    )

    Net cash used in investing activities

    (46,732
    )

    (141
    )

    Net cash (used in) provided by financing activities

    (12,188
    )

    1,897

    Net decrease in cash and cash equivalents
     
    $
    (47,216
    )
     
    $
    (14,637
    )

Operating Activities 

The increase in net cash provided by operating activities was driven primarily by positive cash flows from operations for the year ended December 31, 2024 primarily due to net income for the year ended December 31, 2024 compared to net loss for the year ended December 31, 2023.

Investing Activities 

The increase in net cash used in investing activities was driven primarily by purchases of marketable securities and an increase in capitalized internal-use software development costs during the year ended December 31, 2024 compared to December 31, 2023.

Financing Activities 

The increase in net cash