Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 279

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 279
---
 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 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