Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 297

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 297
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AP basis, to pay cash distributions, which if insufficient
could negatively impact our ability to pay cash distributions.

Business Combinations

Under the MGCL, certain business
combinations between a Maryland corporation and an interested stockholder or the interested stockholder’s affiliate are prohibited
for five years after the most recent date on which the stockholder becomes an interested stockholder. For this purpose, the term “business
combinations” includes mergers, consolidations, share exchanges, or, in circumstances specified in the statute, asset transfers
and issuances or reclassifications of equity securities. An “interested stockholder” is defined for this purpose as: (i) any
person who beneficially owns, directly or indirectly, 10% or more of the voting power of the corporation’s outstanding voting stock
after the date on which the corporation has 100 or more beneficial owners of its stock; or (ii) an affiliate or associate of the
corporation who, at any time within the two-year period prior to the date in question, was the beneficial owner, directly or indirectly,
of 10% or more of the voting power of the then outstanding stock of the corporation after the date on which the corporation has 100 or
more beneficial owners of its stock. A person is not an interested stockholder under the MGCL if the board of directors approved in advance
the transaction by which the person otherwise would become an interested stockholder. However, in approving the transaction, the board
of directors may provide that its approval is subject to compliance, at or after the time of the approval, with any terms and conditions
determined by the board.

After the five-year prohibition,
any such business combination between the corporation and an interested stockholder generally must be recommended by the board of directors
of the corporation and approved by the affirmative vote of at least: (i) 80% of the votes entitled to be cast by holders of outstanding
voting stock of the corporation and (ii) two-thirds of the votes entitled to be cast by holders of voting stock of the corporation
other than voting stock held by the interested stockholder or its affiliate with whom the business combination is to be effected, or
held by an affiliate or associate of the interested stockholder, voting together as a single voting group.

These super majority vote
requirements do not apply if the corporation’s common stockholders receive a minimum price, as defined under the MGCL, for their
shares of common stock in the form of cash or other consideration