Blue Ridge Bankshares amended warrants to adjust exercise price for future cash dividends and declared a $0.60 per share special cash dividend payable April 27, 2026.
Key takeaways
Board and majority warrant holders approved amendment effective March 28, 2026, reducing warrant exercise price by per share cash distributions.
Amendment applies to cash dividends after March 28, 2026, including retroactive adjustment for November 2025 dividend.
Special cash dividend of $0.60 per common share declared March 30, 2026.
Dividend record date April 13, 2026; payable April 27, 2026 to shareholders of record.
Amended warrants originally issued April 3, 2024, exercisable at $2.50 per share until April 3, 2029.
Exhibit 4.1 contains form of Amended and Restated Warrant.