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SCOTTSDALE, Ariz., Feb. 21, 2020 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), the leading provider of transportation technician training, announced today the pricing of an underwritten public offering of 6,782,610 shares of its common stock at a public offering price of $7.75 per share, before underwriting discounts and commissions. The size of the offering was increased from the previously announced 5,650,000 shares of common stock. In addition, Universal Technical Institute has granted the underwriters a 30-day option to purchase up to 1,017,390 additional shares of its common stock at the public offering price, less underwriting discounts and commissions. All of the shares are to be sold by Universal Technical Institute. The offering is expected to close on February 25, 2020, subject to satisfaction of customary closing conditions.