Solta Medical Prices $15 Mln Stock Offering

Solta Medical To Present At ROTH Growth Stock Conference; Webcast At 12:00 PM ET

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8/2/2012 1:37 PM ET

Solta Medical, Inc. (SLTM: Quote) 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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