Dream Chasers Capital Group LLC made the offer in a letter to acquire an additional 35% stake in Carver Bancorp, Inc. (NasdaqCM:CARV) for $5 million on August 14, 2023. Dream Chasers Capital made a significant offer to buy 35% of the bank's shares for $3 a share, a premium above the current stock price. By making this offer, the Investment Fund hopes to take control of the bank and replace the current management and board with an already assembled world-class team of minority executives. Dream Chasers plans to recapitalize the bank and introduce a platform of value-added wealth building services to attract new depositors, thus leading to an increase in shareholder value. By going public with its $3 per share offer to take a controlling interest, Dream Chasers is seeking to rally support for Project Uplift?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 and all constituents who have a vested interest in seeing communities of color build generational wealth. Shareholders should be keen to prevent current management/board, from taking any self-serving, dilutive, anti-takeover actions or enact poison pill bylaws -to the detriment of shareholders and the African American community.

As of January 25, 2023, Dream Chasers made an offer to acquire 35% stake in Carver Bancorp for $3.25 a share. On January 24, 2024, Dream Chasers met with the Board of Directors of Carver Bancorp to discuss the offer.