05:46 PM EST, 02/13/2025 (MT Newswires) -- NeuroPace ( NPCE ) said late Thursday it plans to raise $65 million via an underwritten public offering of its shares.

The company said it intends to grant its underwriters a 30-day option to purchase up to an additional 15% of the shares offered in the public offering.

Proceeds will be used to help buy back all of the shares held by its significant stockholder, KCK Ltd., the company said.

NeuroPace ( NPCE ) shares were down over 10% in after-hours activity.