Blue Ridge Bankshares Files 8-K with Material Agreement
Ticker: BRBS · Form: 8-K · Filed: Jun 14, 2024 · CIK: 842717
| Field | Detail |
|---|---|
| Company | Blue Ridge Bankshares, INC. (BRBS) |
| Form Type | 8-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2.39, $50.00, $9,566.13, $10,000.00, $11.6 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-securities, financial-statements
TL;DR
BRBS filed an 8-K on 6/13 for a material agreement & equity sales.
AI Summary
On June 13, 2024, Blue Ridge Bankshares, Inc. entered into a material definitive agreement. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. Specific details regarding the agreement and sales were not provided in this excerpt.
Why It Matters
This filing indicates a significant corporate event, potentially involving new agreements or equity transactions that could impact the company's financial structure and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and unregistered equity sales can introduce financial and operational risks that are not fully detailed in this initial filing.
Key Numbers
- 001-39165 — SEC File Number (Identifier for Blue Ridge Bankshares, Inc.)
Key Players & Entities
- BLUE RIDGE BANKSHARES, INC. (company) — Registrant
- 0001193125-24-161712 (document_id) — Accession Number
- June 13, 2024 (date) — Date of earliest event reported
- Virginia (location) — State of incorporation
- 54-1838100 (tax_id) — I.R.S. Employer Identification No.
FAQ
What is the nature of the material definitive agreement entered into by Blue Ridge Bankshares, Inc. on June 13, 2024?
The provided excerpt does not specify the details of the material definitive agreement.
What type of equity securities were sold in the unregistered sales reported by Blue Ridge Bankshares, Inc.?
The filing mentions unregistered sales of equity securities, but the specific type is not detailed in this excerpt.
What are the key financial statements and exhibits being filed with this 8-K?
The excerpt indicates that financial statements and exhibits are being filed, but their specific content is not described.
What is the principal executive office address for Blue Ridge Bankshares, Inc.?
The principal executive office is located at 1801 Bayberry Court, Suite 101, Richmond, Virginia, 23226.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated June 13, 2024.
Filing Stats: 911 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-06-14 17:10:00
Key Financial Figures
- $2.39 — value per share, at a purchase price of $2.39 per Common Share, 1,140 shares (the "Pr
- $50.00 — al Preferred Stock, Series B, par value $50.00 per share (the "Series B Preferred Stoc
- $9,566.13 — eferred Stock"), at a purchase price of $9,566.13 per Preferred Share, and a warrant to p
- $10,000.00 — Preferred Stock at an exercise price of $10,000.00 per share (the "Warrant"). Pursuant t
- $11.6 million — roceeds to the Company of approximately $11.6 million (the "Private Placement"). Warrant
Filing Documents
- d810744d8k.htm (8-K) — 32KB
- d810744dex41.htm (EX-4.1) — 86KB
- d810744dex101.htm (EX-10.1) — 154KB
- g810744dsp10b.jpg (GRAPHIC) — 14KB
- 0001193125-24-161712.txt ( ) — 477KB
- brbs-20240613.xsd (EX-101.SCH) — 3KB
- brbs-20240613_lab.xml (EX-101.LAB) — 18KB
- brbs-20240613_pre.xml (EX-101.PRE) — 11KB
- d810744d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Warrant, dated June 13, 2024, to Purchase Shares of Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B, of Blue Ridge Bankshares, Inc. issued to Richard T. Spurzem 10.1 Registration Rights Agreement, dated June 13, 2024, by and between Blue Ridge Bankshares, Inc. and Richard T. Spurzem. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLUE RIDGE BANKSHARES, INC. (Registrant) Date: June 14, 2024 By: /s/ Judy C. Gavant Judy C. Gavant Executive Vice President and Chief Financial Officer 4