URGENT ACTION NEEDED
YOUR PROXY VOTE HAS NOT BEEN RECEIVED!
January 31, 2024
Dear Fellow Shareholder:
We are writing to alert you that the Blue Ridge Bankshares, Inc. (the “Company”) Special Meeting of Shareholders is quickly approaching. The Special Meeting is scheduled to be held on March 6, 2024. Our records indicate that as of the date of this writing we have not yet received your vote.
As set forth in our Proxy Statement, dated January 20, 2024, shareholders are being asked to vote on the following resolutions.
| • | | Proposal 1: To approve the issuance of shares of the Company’s common stock representing more than 20% of the outstanding shares of the Company’s common stock, including upon the exercise of certain warrants to be issued by the Company, in each case, in a private placement as more fully described in the Proxy Statement, in accordance with the requirements of the NYSE American Company Guide (the “Capital Raise Proposal”); |
| • | | Proposal 2: To approve an amendment to the Company’s articles of incorporation to increase the number of authorized shares of the Company’s common stock from 50,000,000 to 150,000,000 (the “Articles Amendment Proposal”); and |
| • | | Proposal 3: To adjourn the Special Meeting to a later date or dates, if necessary, to solicit additional proxies to establish a quorum or approve the Capital Raise Proposal or the Articles Amendment Proposal (the “Adjournment Proposal”). |
THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE
FOR PROPOSALS 1 THROUGH 3.
Your vote at the Special Meeting is very important! For your convenience, we have enclosed a new proxy card. Please vote your shares by telephone or internet by following the directions on the back of the form.
If you have any questions, or need assistance voting your shares, please contact our proxy solicitor, Georgeson LLC, toll free at (888) 355-6083.
On behalf of our Board of Directors, we thank you for your support and continued investment in the Company.
Sincerely,
G. William Beale
President and Chief Executive Officer