Shareholders Demand Carver Bancorp Call Special Meeting on Delisting Plan

Dream Chasers, a major shareholder group, is urging Carver Bancorp's board to call a special meeting to discuss the company's planned delisting from NASDAQ. They argue the board, owning less than 2% of shares, is making a significant decision without a shareholder vote, potentially disenfranchising retail investors. Dream Chasers highlights market losses and calls for transparency and shareholder representation in the decision-making process.

Dream Chasers Again Reminds Carver Shareholders to Urgently Email Each Board Member Tell Them-I Want A Vote On Delisting | CARV Stock News

Dream Chasers urges Carver shareholders to demand a vote on the Board's decision to delist the company's shares. The Board, owning only 2% of stock, plans to delist on Thanksgiving, potentially disenfranchising 98% of shareholders. Dream Chasers criticizes the Board's lack of transparency and self-serving actions, which have led to significant stock value loss. They call for a special shareholder meeting to vote on the delisting decision, emphasizing the need for new Board members and fresh capital for Carver's future success.

Activist Group Demands Carver Bancorp Hold Special Shareholder Meeting

A group of shareholders, represented by Dream Chasers, is demanding Carver Bancorp Inc. hold a special shareholder meeting to vote on the company's proposed delisting from Nasdaq. The group criticizes the Board for making significant decisions without shareholder input and urges shareholders to oppose the delisting. They also demand the Board release its strategic plan and express concerns about transparency and Board ownership.

BUZZ-Carver Bancorp hits over 5-month low after unveiling move to delist from Nasdaq

Carver Bancorp's shares dropped 52.8% after announcing plans to delist from Nasdaq and list on OTCQX. The move aims to reduce operating expenses and increase flexibility for growth. CEO Donald Felix stated that the company's metrics align with OTC trading. CARV will also deregister from the SEC, eliminating the need for periodic reports. Despite the drop, CARV is up 63.6% YTD.

Carver Bancorp shares are trading lower after the company announced it will degregister its common stock with the SEC and deist from the Nasdaq to the OTCQX market.