m‐Benziporphyrin(1.1.0.0) and m‐pyreniporphyrin(1.1.0.0) were prepared as ring‐contracted carbaporphyrins. While m‐Benziporphyrin(1.1.0.0) was unstable, m‐pyreniporphyrin(1.1.0.0) was fairly stable. Both of their Pd II complexes showed distorted coordination structures with extremely short Pd−C bonds. As compared with the reported m‐benziporphyrin Pd II complexes, these Pd II complexes showed considerably small HOMO‐LUMO gaps, despite their smaller molecular size. Pd II metalation of the m‐pyreniporphyrin(1.1.0.0) dimer gave the corresponding Pd II complex, which showed similar distorted coordination and a smaller HOMO‐LUMO gap. Finally, Pd II metalation of a pyrene‐sharing formal p‐benziporphyrin(1.1.1.1) dimer gave a nonaromatic Pd II dimer, which rearranged to an aromatic Pd II complex upon treatment with alumina.