Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 286

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 286
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 of our stockholders without compliance by our company with the super-majority vote requirements and the other provisions of the
statute.

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Control Share Acquisitions

The MGCL provides that a holder
of “control shares” of a Maryland corporation acquired in a “control share acquisition” has no voting rights with
respect to such shares except to the extent approved at a special meeting by the affirmative vote of stockholders entitled to cast two-thirds
of the votes entitled to be cast on the matter, excluding shares of stock in a corporation in respect of which any of the following persons
is entitled to exercise or direct the exercise of the voting power of shares of stock of the corporation in the election of directors:

| · | a person who makes                               
 or proposes to make a control share acquisition; |

| · | an officer of the 
 corporation; or   |

| · | an employee of the                                     
 corporation who is also a director of the corporation. |

“Control shares” are voting shares of stock which, if aggregated with all other such shares of stock previously acquired by the acquiror or in respect of which the acquiror is able to exercise or direct the exercise of voting power (except solely by virtue of a revocable proxy), would entitle the acquiror to exercise voting power in electing directors within one of the following ranges of voting power:

| · | 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. |

Control shares do not include
shares the acquiring person is then entitled to vote as a result of having previously obtained stockholder approval or shares acquired
directly from the corporation. A “control share acquisition” means the acquisition of issued and outstanding control shares,
subject to certain exceptions.

A person who has made or proposes
to make a control share acquisition, upon satisfaction of certain conditions (including an undertaking to pay expenses), may compel our
board of directors to call a special meeting of stockholders to be held within 50 days of demand to consider the voting rights of the
shares. If no request for a meeting is made, the corporation may itself present the question at any stockholders meeting.

If voting rights are not approved
at the meeting or if the acquiring person does not deliver an acquiring person statement as required by the statute, then, subject to
certain conditions and limitations,