other material
confidence high
sentiment neutral
materiality 0.65
Blue Ridge Bankshares issues 10.9M common shares to Castle Creek in preferred exchange
BLUE RIDGE BANKSHARES, INC.
- Issued 10,928,000 common shares to Castle Creek for 2,732 Series C Preferred shares on November 7.
- Issued warrant for 5,764,000 common shares at $2.50, expiring April 2029, replacing preferred warrant.
- Exchange exempt from registration under Securities Act Section 3(a)(9); no commissions paid.
- Previously disclosed in April 2024 Exchange Agreement; execution now complete.