Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 295

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 295
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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 to vote as a result of having previously obtained stockholder approval or shares
acquired directly from the corporation. Except as otherwise specified in the statute, a “control share acquisition” means
the acquisition of issued and outstanding control shares. Once a person who has made or proposes to make a control share acquisition has
undertaken to pay expenses and has satisfied other required conditions, the person 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 of stock. 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 for the
control shares at the meeting or if the acquiring person does not deliver an “acquiring person statement” for the control
shares as required by the statute, the corporation may redeem any or all of the control shares for their fair value, except for control
shares for which voting rights have previously been approved. Fair value is to be determined for this purpose without regard to the absence
of voting rights for