Dream Chasers calls for Carver board to reverse delisting decision

Dream Chasers said, “Dream Chasers is calling on all shareholders – retail and institution – to remain calm in light of yesterday’s 5 pm press release from Carver announcing its intention to delist from the NASDAQ and de-register with the SEC. Very few companies voluntary move from the prestigious NASDAQ to the pink sheets – and for the very few who do it’s often for less scrutiny, less regulatory compliance, less stringent reporting, disclosure and governance standards. n the last 24 hours – and in the face of a very intense proxy contest – the Board of Directors of Carver has announced plans to delist its shares from the NASDAQ and deregister from the SEC. In a press release to shareholders on September 23, 2025, Dream Chasers put out a press release calling for a sale of the bank and said : “Dream Chasers appreciates the OCC for its focus and attention in helping Carver get on sound footing. But everything has a limit. This Board cannot be allowed to recklessly continue putting depositors and investors at risk. Shareholders should be vigilant to make sure this Board does not make any dilutive or anti-takeover moves – taking actions that would not be in the best interest of shareholders to keep their cushy pay – in the face of any DCCG-backed deal.” Dream Chasers is not buying Carver’s rationale on the NASDAQ delisting….Dream Chasers vehemently opposes delisting and de-registration, and encourages all shareholders to stand in solidarity against the harm to stockholders being created by this Board. The greatest opportunity a public company has to support long term growth and enhance capital is to play in one of the most liquid capital markets in the world – the NASDAQ. This is just another attempt by this Board to disenfranchise shareholders. It makes zero sense.”