Solta Medical, Inc. (SLTM) said Thursday that it has priced an underwritten public offering of 5.7 million shares of its common stock at a price to the public of $2.65 per share.
Net proceeds, after estimated underwriting discounts and estimated offering expenses, will be about $14 million.
In addition, Solta Medical has granted the underwriters a 30-day option to purchase up to an additional 855,000 shares of common stock solely to cover over-allotments, if any.
The offering is expected to close on or about August 7.
The company currently plans to use the net proceeds from the offering for general corporate purposes.
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