Dream Chasers Calls for Calm in the Wake of Carver Announcement to Delist from the NASDAQ and De-register with the SEC

Calls for Board to Immediately Reverse its Decision.

Delisting from NASDAQ to OTCQX is not in the best interests of shareholders.

Questions Reasons for Wanting to Delist

NEW YORK, NY / ACCESS Newswire / November 19, 2025 / 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.

In 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.

But why the rush to the NASDAQ exit door?

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.

The bank states:

"After careful consideration, the Board of Directors has determined that this course of action is in the best interests of the Company and its stockholders," said Donald Felix, Company President and Chief Executive Officer, in the press release statement.

Carver cited several reasons for the move, including reduced recurring operating expenses and greater flexibility to pursue initiatives supporting long-term growth and enhanced capital. Carver noted that its financial profile aligns with the more than 300 banks currently trading on OTC."

We encourage investor caution.

Why would the bank go from the equivalent of playing Major League Baseball (the NASDAQ) to the OTC Markets "bush league" Minor League Baseball, other than for self-serving purposes in an effort to entrench management and the Board?

Greg Lewis, CEO of Dream Chasers, said --"This delisting announcement is a joke and should not be allowed to happen by this suspect board. To quote a famous musician Bob Marley - "You can fool some people sometimes, but you can't fool all the people all the time" and "soon you will see the light, stand up for your right!".

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