Headspace Health Inc. IPO

Headspace went public in October 2021 through a merger with Gores Holdings VIII, a special purpose acquisition company (SPAC). The combined company, called Headspace Health, began trading on the New York Stock Exchange under the ticker symbol HSH. The merger also included digital healthcare company Ginger, creating a combined digital mental health platform. The SPAC transaction valued the combined company at approximately $3 billion. Since going public, Headspace Health has faced challenges common to many SPAC-merged companies, including significant stock price volatility and pressure to demonstrate growth and profitability. The company has focused on integrating its consumer meditation app with clinical mental health services while navigating a difficult environment for digital health stocks in public markets.