Delisting Determination,The Nasdaq Stock Market, LLC,
August 27, 2015, Blue Bird Corporation. The Nasdaq
Stock Market, Inc. (the Exchange) has determined to remove
from listing the warrant of Blue Bird Corporation.
(the Company), effective at the opening of the trading
session on September 8, 2015. Based on review of information
provided by the Company, Nasdaq Staff determined that the
warrant no longer qualified for listing on the Exchange
pursuant to Listing Rule 5560(a). The Company was notified
of the Staffs determination on February 4, 2015.  The
Company appealed the determination to a Hearing Panel.
Upon review of the information provided by the Company,
the Panel issued a decision dated April 2, 2015, granting
the Company continued listing pursuant to an exception
that included several milestones that the Company was
required to meet, towards the toal of regaining compliance
with Listing Rules 5560(a) and 5550(a)(3). However, the
Company was unable to meet the exception milestones
for the warrant as required. On May 26, 2015,
the Panel issued a final delisting determination and
notified the Company that trading in the Companys
warrant would be suspended on June 2, 2015.
The Company did not request a review of the Panels decision
by the Nasdaq Listing and Hearing Review Council. The
Listing Council did not call the matter for review.
The Panels Determination to delist the Companys warrant
became final on July 17, 2015.