Company: BHM
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001104659-25-026164
Chunk: 106

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 106
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to the distribution, the corporation would not be able to pay its debts as the debts become due in the usual course of business, or the
corporation’s total assets would 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 are superior to those receiving the distribution. Accordingly, we generally
may not make a distribution on Series A 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 A
Preferred Stock. Any dividends or redemption payments may be delayed or prohibited.

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 A Preferred Stock.

The
Series A 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 A Preferred Stock in any state in which such offering was subsequently
made. This would require the termination of any continuous offering(s) of Series A 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 A 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 A Preferred Stock, and we currently have no plan to list the Series A Preferred Stock on
a securities exchange or to include such