Glen Burnie Bancorp shares fall 10.80% premarket after announcing delisting from Nasdaq and OTCQX move.

Glen Burnie Bancorp fell 10.80% in premarket trading following its announcement of a voluntary delisting from Nasdaq and deregistration with the SEC, effective January 1, 2026, with shares to transition to the OTCQX market. The board cited risks of non-compliance with Nasdaq listing requirements, lack of research coverage, and high compliance costs as key drivers for the decision. The move reflects a strategic shift to reduce regulatory burdens and redirect resources to business opportunities, though it signals reduced investor liquidity and market confidence. The company also disclosed the appointment of Todd Capitani as CFO, but this development appears secondary to the delisting news, which dominated the premarket reaction.