BLUE RIDGE BANKSHARES, INC. (BRBS) Form 8-K — Aug 17, 2026
Blue Ridge Bankshares (BRBS) has agreed to be acquired by HomeTrust Bancshares in an all-stock merger signed August 16, 2026, under which each BRBS share will convert into 0.086 of a HomeTrust share, with cash paid only in lieu of fractional shares. The agreement was unanimously approved by both boards and requires approval from more than two-thirds of Blue Ridge's outstanding shares plus Federal Reserve and state banking regulatory approvals, with closing expected in the first quarter of 2027. Either party may owe an $18.0 million termination fee in certain circumstances.
Key figures
- Shares Outstanding
- 89687528
- Outside Date
- August 16, 2027
- Exchange Ratio
- 0.086 HomeTrust shares per Blue Ridge share (all-stock)
- Expected Closing
- first quarter of 2027
- Termination Fee Usd
- 18000000
- Restricted Stock Awards
- 247,590 Company RSAs and 1,066,667 Company PSAs
- Authorized Common Shares
- 150000000
- Shares Underlying Options
- 18058
- Warrant Election Deadline
- September 19, 2026
- Shares Underlying Warrants
- 24115999
- Phantom Stock Plan Linked Shares
- 216500
- Shareholder Approval Threshold
- more than two-thirds of outstanding Blue Ridge common stock
Price after filing
Close on the filing date to close N calendar days later (from $4.00). Historical, not a forecast.
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