Carver Bancorp shares plummet 47.51% premarket after announcing voluntary delisting from Nasdaq to OTCQX.

Carver Bancorp fell 47.51% in premarket trading following its announcement to voluntarily delist from Nasdaq and deregister with the SEC, transitioning to the OTCQX Market. The move, effective by December 2025, aims to reduce operating expenses and enhance strategic flexibility but is likely perceived as a signal of reduced liquidity and transparency. While the company cited alignment with over 300 banks on OTC Markets and cost savings as benefits, the shift to a less liquid market may deter investors accustomed to Nasdaq’s liquidity and regulatory rigor. The delisting process, including Form 25 filing and SEC deregistration, underscores structural changes that could impact shareholder confidence and trading dynamics.