BUZZ-Neuropace falls on discounted pricing of public offering

Reuters
02-14
BUZZ-Neuropace falls on discounted pricing of public offering

** Shares of medical device maker Neuropace NPCE.O fall 16.54% to $10.09

** Co announces the pricing of $65 million of common stock

** Co plans to offers 6.5 million shares at a public offering price of $10.00 per share; 17.3% discount to last closing price

** Grants underwriters a 30-day option to purchase up to an additional 975,000 shares of its common stock at the public offering price

** The offering is expected to close on February 18

** Co has 29.85 mln shares outstanding, giving it a ~360 mln market cap - data compiled from LSEG

** The stock has fallen ~27% in the last 12 months

(Reporting by Siddhi Mahatole)

((Siddhiprabhanjan.mahatole@thomsonreuters.com))

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