Business Context and Reporting Period
Company: Bank of the James Financial Group, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 3, 2017
Event: Completion of a private placement of unregistered notes.
Key Financial Metrics
Capital Raised: $5,000,000
Instrument: Unregistered notes
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these specific operational metrics. This report focuses solely on the capital raise event.
Material Changes
The primary material change reported is the successful completion of a private placement transaction on February 3, 2017, resulting in the issuance of $5,000,000 in unregistered notes. No comparative financial data or prior period changes are detailed in this specific filing.
Guidance, Outlook, and Risks
Management Commentary: The Company issued a press release (Exhibit 99.1) announcing the completion of the transaction.
Legal Status: The information in this Current Report, including the attached press release, is not considered "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section. It shall not be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
Risks/Contingencies: No specific risks or contingencies are detailed in the body of this 8-K text.
Investor Verification Checklist
- Verify the specific terms, interest rate, and maturity date of the $5,000,000 unregistered notes in the attached Press Release (Exhibit 99.1).
- Confirm the intended use of proceeds from the private placement.
- Review the Company's most recent 10-K or 10-Q for updated liquidity and debt position context.
- Check for any subsequent filings regarding the registration or resale of these notes.