{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-302215","form_type":"8-K","ticker":"BRBS","cik":"0000842717","company_name":"BLUE RIDGE BANKSHARES, INC.","filed_at":"2023-12-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.139187+00:00","generated_at":"2026-06-07T08:36:27.691389+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Blue Ridge Bankshares to raise $150M via 60M shares and warrants at $2.50 per share","bullets":["Gross proceeds of $150M from 60M shares and ~29.4M warrants at $2.50 each; warrants exercisable for 5 years.","Kenneth R. Lehman to own ~25% and Castle Creek ~12.5% of pro forma common stock.","Closing expected March 2024, subject to shareholder and regulatory approvals.","Proceeds to reposition business lines, support organic growth, and enhance bank capital levels.","Up to three new board representatives expected; asset resolution plan to address criticized assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-302215","json":"https://secwatch.observer/filing/0001193125-23-302215.json","markdown":"https://secwatch.observer/filing/0001193125-23-302215.md","text":"https://secwatch.observer/filing/0001193125-23-302215.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/842717/000119312523302215/0001193125-23-302215-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/842717/000119312523302215/d47204d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T08:36:27.691389+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ec340af70ea48fd990d7c0795a5e4fa8d764d6a6","claim":"BLUE RIDGE BANKSHARES, INC. entered into Securities Purchase Agreement with Kenneth R. Lehman, Castle Creek Capital Partners VIII, L.P., other institutional investors and certain directors and executive officers valued at $150,000,000 (effective 2023-12-21).","evidence_excerpt":"On December 21, 2023, Blue Ridge Bankshares, Inc. (the “Company”), entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with Kenneth R. Lehman, Castle Creek Capital Partners VIII, L.P. (“Castle Creek”), other institutional investors and certain directors and executive officers of the Company","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/842717/000119312523302215/0001193125-23-302215-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Kenneth R. Lehman, Castle Creek Capital Partners VIII, L.P., other institutional investors and certain directors and executive officers"},{"label":"Value","value":"$150,000,000"},{"label":"Effective","value":"2023-12-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}