Dream Chasers Reveals Shocking Details of Secret Carver Board Dilution Deal Code-Named "Project George" [Yahoo! Finance]
Carver Bancorp, Inc. (CARV)
US:NASDAQ Investor Relations:
carverbank.com
Company Research
Source: Yahoo! Finance
Accidental Emails Sent by Carver Show Attempt to Manipulate upcoming Annual Meeting While Board Blocks Qualified Nominees NEW YORK, March 16, 2026 BUSINESS WIRE Dream Chasers , the leading shareholder of Carver Bancorp, Inc. (OTCQB: CARV) , is publicly disclosing a secret, unauthorized share sale code-named "Project George." Dream Chasers is acting to protect market integrity and ensure all shareholders are treated with transparency. Dream Chasers uncovered Project George after Carver management mistakenly sent confidential emails disclosing plans to sell 524,826 shares —specifically a preferred-to-common conversion —to EJF Capital . This maneuver effectively creates voting stock out of thin air , granting weighted power to a friendly party to "stuff the ballot" ahead of the May 21, 2026 , Annual Meeting. The deal involves working with Wells Fargo and JP Morgan to sign off on Preemptive Rights Waiver Agreements . Dream Chasers halted the frantic race to close this deal last Frida
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News
- Carver Bancorp, Inc. Announces Agreement with Holders of Trust Preferred Securities to Cancel Interest in Exchange for Shares of Common Stock [Yahoo! Finance]Yahoo! Finance
- Carver Bancorp agrees to issue shares to trust preferred holders in exchange for interest forgiveness [Seeking Alpha]Seeking Alpha
- Carver Bancorp, Inc. Announces Agreement with Holders of Trust Preferred Securities to Cancel Interest in Exchange for Shares of Common StockPR Newswire
- Carver Bancorp, Inc. Provides Update on Engagement With Dream Chasers Capital GroupPR Newswire
- Carver Bancorp, Inc. Announces Date of Annual Meeting of StockholdersPR Newswire