Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 280

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 280
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 stockholders receive a minimum price, as defined under the MGCL, for their
shares of common stock in the form of cash or other consideration in the same form as previously paid by the interested stockholder for
its shares of common stock.

None of these provisions of
the MGCL will apply, however, to business combinations that are approved or exempted by the board of directors of the corporation prior
to the time that the interested stockholder becomes an interested stockholder. Pursuant to the business combination statute, our board
of directors has exempted any business combination involving us and any person, provided that such business combination is first approved
by our board of directors. Consequently, the five-year prohibition and the super majority vote requirements will not apply to business
combinations between us and any person that are first approved by our board of directors. As a result, any such person may be able to
enter into business combinations with us that may not be in the best interest of our stockholders, without compliance with the super majority
vote requirements and other provisions of the statute.

Should our board of directors
opt into the business combination statute or fail to first approve a business combination, it may discourage others from trying to acquire
control of us and increase the difficulty of consummating any offer.

Control Share Acquisitions

The MGCL provides that a holder
of control shares of a Maryland corporation acquired in a control share acquisition have no voting rights with respect to such shares
except to the extent approved by the affirmative vote of stockholders entitled to cast at least two-thirds of the votes entitled to be
cast on the matter. Shares of common stock owned by the acquirer, by officers or by employees who are directors of the corporation are
not entitled to vote on the matter. “Control shares” are voting shares of stock which, if aggregated with all other shares
of stock owned by the acquirer or with respect to which the acquirer has the right to vote or to direct the voting of, other than solely
by virtue of a revocable proxy, would entitle the acquirer to exercise voting power in electing directors within one of the following
ranges of voting powers:

| · | One-tenth                        
 or more but less than one-third; |

| · | One-third                            
 or more but less than a majority; or |

| · | A majority or more of all voting power. |

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Control shares do not include
shares of stock the acquiring person is then entitled