---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-086088"
form_type: "8-K"
ticker: "BRBS"
cik: "0000842717"
company_name: "BLUE RIDGE BANKSHARES, INC."
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T03:09:30.060519+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Blue Ridge Bankshares closes $150M private placement after shareholder vote issue

## Summary
- Closed $150M private placement of 3.4M common shares at $2.50, convertible preferred, and warrants.
- Transaction replaces Dec 2023 offering that failed due to vote tabulation error on share authorization.
- Proceeds to bolster capital, comply with OCC consent order, and support organic growth.
- Series B preferred converts to common upon shareholder approval of share authorization increase to 150M shares.
- Up to three new investor-appointed directors to join board upon regulatory OK; board to shrink to 13.

## SEC filing metadata
- accession: 0001193125-24-086088
- form_type: 8-K
- ticker: BRBS
- cik: 0000842717
- company_name: BLUE RIDGE BANKSHARES, INC.
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842717/000119312524086088/0001193125-24-086088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842717/000119312524086088/d820926d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-086088
- JSON: https://secwatch.observer/filing/0001193125-24-086088.json
- Plain text: https://secwatch.observer/filing/0001193125-24-086088.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.