secwatch.observer — SEC 8-K summary
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Issuer:     BLUE RIDGE BANKSHARES, INC. (BRBS)
CIK:        0000842717
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001193125-24-172406
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Ridge Bankshares converts all Series B Preferred to 50.2M common shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842717/000119312524172406/0001193125-24-172406-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842717/000119312524172406/d843989d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-172406

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer