BLUE RIDGE BANKSHARES, INC. 8-K

What Happened Blue Ridge Bankshares, Inc. (BRBS) filed an 8-K reporting two related actions. On March 28, 2026, the company and holders representing a majority of outstanding warrants approved an amendment that reduces the per‑share exercise price of the company’s common stock warrants by the per‑share amount of certain cash distributions. On March 30, 2026, the Board declared a special cash dividend of $0.60 per common share, payable April 27, 2026 to shareholders of record as of April 13, 2026.

Key Details

• Warrant amendment effective March 28, 2026: exercise price is reduced by the per‑share amount of qualifying cash distributions.
• The amendment applies to cash dividends after the amendment’s effective date and explicitly includes the cash dividend paid in November 2025 to reduce warrant exercise price in lieu of paying the dividend at exercise.
• Special dividend: $0.60 per share declared March 30, 2026; payable April 27, 2026; record date April 13, 2026.
• The amendment was approved by the Board and by warrant holders representing a majority of the shares underlying outstanding warrants.

Why It Matters This filing matters because shareholders will receive a one-time cash payment ($0.60 per share) on April 27, 2026. The warrant amendment preserves value for warrant holders by lowering the warrant exercise price when the company pays qualifying cash dividends, effectively passing the economic benefit of such dividends to warrant holders rather than causing dilution or reducing value upon exercise. Investors should note the effective dates and record date for the dividend; the company’s full amended warrant form is filed with the 8-K for details on the mechanics.