Fund reiterate its $3.25 offer-also propose the bank merge with a Minority Broker Dealer
NEW YORK, Jan. 25, 2024 /PRNewswire/ -- On January 24, 2024, Dream Chasers met with the Board of Directors of Nasdaq listed Carver Bancorp
The fund made the following ask at its meeting with the Board:
Dream Chasers gave the Board a definitive period to act.
Dream Chasers want to say the following to the banks board:
Shareholders own companies and their interest should always come first.
That a company can serve its community and make money at the same time
Management and boards of public companies should have skin in the game.
Major shareholders earn a right to be on the Boards of companies to advocate for all shareholders
Current stock market shareholders large and small expect management to get a deal done with Dream Chasers. As such, the fund believes any continued rejectionist, diversionary and obstructionist behavior by the Carver Board to Dream Chasers $3.25 for 35% offer --which would raise millions in much needed capital for the bank to grow its balance sheet, and as a part of that deal, bring in a broker dealer, bring in a new set of executive talent and board members that the fund believes would help the bank turn into a multi-billion dollar in deposit and assets institution, potentially growing revenues and profits significantly in an accretive way thus benefiting shareholders -risk a broad revolution from a large percent of the bank's shareholder base, communities of color watching and even some rank and file and key employees.
By been so public with its $3.25 per share offer to take a controlling interest, Dream Chasers seeks to rally support in -whatever form that may come?from civil society builders, like-minded shareholders, activist of all stripes, financial executives, corporations, current Carver bank employees, social media influences, celebrities, professional athletes, entertainers, business titans, future depositors and clients and all constituents who have a vested interest in seeing communities of color build generational wealth through the emergence of a national banking champion like Carver helping communities of color do their savings, invest in the stock market, plan for retirement, get easier access to mortgages, raise capital for minority startups and employ a whole new generation of new young minority bankers and Financial service professionals. Dream Chasers believes the proposed Carver/broker dealer tie-up is the first seed in the bank acquiring many other types of financial service companies, like insurance, investment banking, and others.
Dream Chaser suggests management does not take any anti-dilutive and anti-takeover measures that could be detrimental to shareholders and communities of color.
For more inquiry
[email protected]
About Dream Chasers
www.dreamchaserscapitalgroup.com
Disclaimer: Nothing in this press release should be considered an offer to sell or a solicitation of an offer to buy shares of any securities or to make any investments of any kind.
Shareholders should be vigilant
SOURCE Dream Chasers Capital Group, LLC
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