Effective March 28, 2026, Blue Ridge Bankshares and a majority of warrant holders approved an amended and restated warrant that reduces the per-share exercise price by the per-share amount of any cash dividend. The amendment applies to cash dividends after March 28, 2026 and retroactively includes the cash dividend paid in November 2025, lowering warrant exercise prices instead of paying those dividends upon exercise. 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 on April 13, 2026. Current warrant terms: original issue date April 3, 2024; exercise price $2.50 per share (subject to adjustments); expiration April 3, 2029; cashless exercise permitted when resale registration is not effective. Warrants include standard anti-dilution protections (for stock splits, stock dividends, certain equity issuances), a 9.99% beneficial ownership cap to avoid bank regulatory thresholds, and a Black-Scholes cash-out upon certain fundamental transactions.