Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 103

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 103
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 B Redeemable Preferred Stock).

Under
the terms of our Series B Redeemable Preferred Stock, we may make redemption payments in shares of our Class A common stock.
Although the dollar amounts of such payments are unknown, the number of shares to be issued in connection with such payments may fluctuate
based on the price of our Class A common stock. Any sales or perceived sales in the public market of shares of our Class A
common stock issuable upon such redemption payments could adversely affect prevailing market prices of shares of our Class A common
stock. The issuance of shares of our Class A common stock upon such redemption payments also may have the effect of reducing our
net income per share (or decreasing our net loss per share). In addition, the existence of Series B Redeemable Preferred Stock may
encourage short selling by market participants because the existence of redemption payments could depress the market price of shares
of our Class A common stock.

Our
board of directors is authorized, without stockholder approval, to cause us to issue additional shares of our common stock or to raise
capital through the issuance of additional preferred stock (including equity or debt securities convertible into preferred stock), options,
warrants and other rights, on such terms and for such consideration as our board of directors in its sole discretion may determine. Any
such issuance could result in dilution of the equity of our stockholders. Our board of directors may, in its sole discretion, authorize
us to issue common stock or other equity or debt securities to persons from whom we purchase residential properties, as part or all of
the purchase price of the community. Our board of directors, in its sole discretion, may determine the value of any common stock or other
equity or debt securities issued in consideration of residential properties or services provided, or to be provided, to us.

Our
charter also authorizes our board of directors, without stockholder approval, to designate and issue one or more classes or series of
preferred stock in addition to the Series B Redeemable Preferred Stock (including equity or debt securities convertible into preferred
stock) and to set or change the voting, conversion or other rights, preferences, restrictions, limitations as to dividends or other distributions
and qualifications or terms or conditions of redemption of each class or series of shares so issued. If any additional preferred stock
is publicly offered, the terms and conditions of such preferred stock (including any equity or debt securities convertible into preferred
stock) will be set forth in a registration statement registering the issuance of