Blue Bird Corporation, a leader in electric and low-emission school buses, announced today the pricing of an underwritten secondary public offering by certain stockholders of Blue Bird (the “Selling Stockholders”) of 4,500,000 shares of Blue Bird’s common stock, par value $0.0001 per share (the “Common Stock”), at a price to the public of $20.00 per share. The offering is expected to close on June 12, 2023, subject to the satisfaction of customary closing conditions. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. The Company is not selling any shares of Common Stock in the offering and will not receive any proceeds from the offering.
In addition, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions.
BofA Securities and Barclays are acting as joint lead book-running managers for the offering and as representatives of the underwriters. Jefferies, BMO Capital Markets and Piper Sandler will also act as joint book-running managers and Craig-Hallum, D.A. Davidson & Co., Roth Capital Partners and Academy Securities will act as co-managers for the proposed offering.
The offering is being made pursuant to an effective shelf registration statement (including a prospectus) filed by Blue Bird with the SEC on December 21, 2021 which became effective January 5, 2022 to which this communication relates. Before you invest, you should read the prospectus in the shelf registration statement and the documents incorporated by reference in that registration statement as well as the prospectus supplement and the documents incorporated by reference therein related to this offering. The offering will be made only by means of the prospectus and the related prospectus supplement. A copy of the prospectus and the related prospectus supplement relating to the offering may be obtained, when available, by visiting the SEC’s website at www.sec.gov. Copies of the prospectus and the related prospectus supplement for the offering may also be obtained, when available, by contacting BofA Securities, Inc., Attn: Prospectus Department, NC1-022-02-25, 201 North Tryon, Charlotte, NC 28255-0001, e-mail: dg.prospectus_requests@bofa.com, telephone: 800-294-1322 or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, e-mail: barclaysprospectus@broadridge.com, telephone: 888-603-5847.
