secwatch.observer — SEC 8-K summary
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Issuer:     BLUE RIDGE BANKSHARES, INC. (BRBS)
CIK:        0000842717
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0000950170-24-124242
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Blue Ridge Bankshares issues 10.9M common shares to Castle Creek in preferred exchange
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842717/000095017024124242/0000950170-24-124242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842717/000095017024124242/brbs-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-124242

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