Solta Medical to raise $14 million in stock sale

Hayward's Solta Medical Inc. will raise about $14 million by selling stock. The company (NASDAQ: SLTM) -- born in 1996 as Thermage Inc. -- lost $26.3 million in the June quarter on sales of $37.3 million. It makes devices to treat acne or to tighten skin using radiofrequency energy and heat or lasers. It signed a commitment letter last week with Silicon Valley Bank for a $10 million debt facility.