02:09 PM EST, 02/14/2025 (MT Newswires) -- (Updates with the stock movement in the headline and the last paragraph.)

NeuroPace ( NPCE ) said Friday it has priced a public offering of 6.5 million shares at $10 per share.

Gross proceeds from the offering, expected to close on Feb. 18, are expected to be $65 million, the company said.

NeuroPace ( NPCE ) said it has also granted underwriters a 30-day option to purchase up to 975,000 additional shares.

The company said it expects to use around $49.5 million of net proceeds from the offering to acquire 5.3 million shares held by KCK at $9.40 per share, and the remainder for general corporate purposes.

Shares of the company were up more than 8% in recent Friday trading.

Price: 13.09, Change: +1.00, Percent Change: +8.27