Universal Technical Institute (UTI) Announces Proposed 5.65M Share Common Offering
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Universal Technical Institute Announces Offering of 5,650,000 Shares of Common Stock
February 20, 2020 4:15 PM ESTSCOTTSDALE, Ariz., Feb. 20, 2020 /PRNewswire/ --Â Universal Technical Institute, Inc. (NYSE: UTI), the leading provider of transportation technician training, announced today that it intends to offer and sell 5,650,000 shares of its common stock in an underwritten public offering. In addition, Universal Technical Institute intends to grant the underwriters a 30-day option to purchase up to 847,500 additional shares of common stock. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the... More
