Glen Burnie Bancorp shares fall 20.92% premarket as company announces voluntary delisting from Nasdaq and move to OTCQX.

Glen Burnie Bancorp fell 20.92% in premarket trading following its announcement to voluntarily delist from Nasdaq and deregister with the SEC, with shares expected to move to the OTCQX market. The company cited reduced regulatory compliance costs, lack of research coverage, and an inactive trading market as key drivers for the decision. The delisting, effective January 1, 2026, will suspend SEC reporting obligations and redirect resources to business opportunities, but likely signals diminished investor confidence due to the perceived downgrade in market visibility and liquidity. The move from Nasdaq—a major exchange—to OTCQX, a less liquid over-the-counter market, typically correlates with declining investor interest and operational challenges, exacerbating the stock’s sharp premarket decline.