other material
confidence high
sentiment neutral
materiality 0.60
Blue Ridge Bankshares converts all Series B Preferred to 50.2M common shares
BLUE RIDGE BANKSHARES, INC.
- All 12,558 Series B preferred shares automatically converted into 50,232,000 common shares on June 28, 2024.
- Warrants for 6,549 Series B shares converted into warrants for 26,196,000 common shares.
- Conversion follows shareholder approval and filing of charter amendment to authorize up to 150M common shares.
- Series C preferred exchange for common shares expected in Q3 2024.