Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 96

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 96
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 be less than the sum of its total liabilities plus, unless the corporation’s
charter provides otherwise, the amount that would be needed, if the corporation were dissolved at the time of the distribution, to satisfy
the preferential rights upon dissolution of stockholders whose preferential rights on dissolution are superior to those receiving the
distribution. Accordingly, we generally may not make a distribution on Series B Redeemable Preferred Stock if, after giving effect
to the distribution, we would not be able to pay our debts as they become due in the usual course of business or our total assets would
be less than the sum of our total liabilities plus, unless the terms of such class or series provide otherwise, the amount that would
be needed to satisfy the preferential rights upon dissolution of the holders of shares of any class or series of preferred stock then
outstanding, if any, with preferences senior to those of the Series B Redeemable Preferred Stock. Any dividends or redemption payments
may be delayed or prohibited.

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If our Class A common stock is no longer listed on the NYSE American or another national securities exchange, we will be required to terminate any continuous offering(s) of Series B Redeemable Preferred Stock.

The
Series B Redeemable Preferred Stock are “covered securities” and therefore are not subject to registration under the
state securities, or “Blue Sky,” regulations in the various states in which it may be sold due to its seniority to our Class A
common stock, which is listed on the NYSE American. If our Class A common stock is no longer listed on the NYSE American or another
appropriate exchange, we will be required to register any offering of Series B Redeemable Preferred Stock in any state in which
such offering was subsequently made. This would require the termination of any continuous offering(s) of Series B Redeemable
Preferred Stock and could result in our raising an amount of gross proceeds that is substantially less than the amount of the gross proceeds
we expect to raise if the maximum offering amounts are sold. This would reduce our ability to make additional investments and limit the
diversification of our portfolio.

There is currently no public trading market for our Series B Redeemable Preferred Stock, and one may never exist; therefore, your ability to dispose of your shares will likely be limited.

There
is no public market for our Series B Redeemable Preferred Stock, and we currently have no plan to list the Series B Redeemable
Preferred