Glen Burnie Bancorp announced the voluntary delisting of its common stock from Nasdaq and the subsequent deregistration with the SEC to terminate reporting obligations. The delisting is expected to be effective on January 1, 2026, with the intention to trade on the OTCQX platform. Following the delisting, Bancorp will file a Form 15 with the SEC to suspend filing obligations and redirect resources to new opportunities. Any trading in Bancorp’s stock will occur in privately negotiated sales or potentially on the over-the-counter market. The decision was made to benefit Bancorp and its stockholders, considering factors like compliance requirements and costs associated with public listing.

Read more at GlobeNewswire: Glen Burnie Bancorp Announces Intended Voluntary Delisting