secwatch.observer — SEC 8-K summary
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Issuer:     Blue Bird Corp (BLBD)
CIK:        0001589526
Form:       8-K
Filed at:   2021-12-16T23:59:59+00:00
Accession:  0001589526-21-000142
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Bird raises $75M via private placement at $16/share; Coliseum Capital gets 15% stake, board seat
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- Blue Bird issued and sold $75M in common shares at $16.00 per share to clients of Coliseum Capital Management.
- Coliseum receives a 15% stake; Adam Gray of Coliseum joins Board as Class II director, increasing board to 10.
- Net proceeds to fund EV strategy, working capital, potential acquisitions, pay down revolver.
- Company cites $5B in federal infrastructure funding for clean school buses as growth opportunity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589526/000158952621000142/0001589526-21-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589526/000158952621000142/blbd-20211215.htm
  HTML page:      https://secwatch.observer/filing/0001589526-21-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer