Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 85

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 85
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5, our total indebtedness was approximately $347.3 million. We may incur significant additional debt in the future.
The Series B Redeemable Preferred Stock is subordinate to all of our existing and future debt and liabilities and those of our subsidiaries.
Our future debt may include restrictions on our ability to pay dividends to preferred stockholders in the event of a default under the
debt facilities or under other circumstances. In addition, our charter currently authorizes the issuance of up to 250,000,000 shares of
preferred stock in one or more classes or series, of which 30,000,000 have been classified as shares of Series A Redeemable Preferred
Stock and 14,000,000 have been classified as shares of Series B Redeemable Preferred Stock. As of June 30, 2025, we had issued
and outstanding 5,815,552 shares of Series A Redeemable Preferred Stock. The issuance of additional preferred stock on parity with
or senior to the Series B Redeemable Preferred Stock or any other class or series of preferred stock would dilute the interests of
the holders of shares of preferred stock of the applicable class or series, and any issuance of preferred stock senior to the Series B
Redeemable Preferred Stock or any other class or series of preferred stock, or any issuance of additional indebtedness, could affect our
ability to pay dividends on, redeem or pay the liquidation preference on any or all of the foregoing classes or series of preferred stock.
We may issue preferred stock on parity with the Series B Redeemable Preferred Stock without the consent of the holders of shares
of Series B Redeemable Preferred Stock. Other than the right of holders to cause us to redeem the Series B Redeemable Preferred
Stock upon a Change of Control (as defined below), none of the provisions relating to the Series B Redeemable Preferred Stock or
any other class or series of preferred stock relate to or limit our indebtedness or afford the holders of shares thereof protection in
the event of a highly leveraged or other transaction, including a merger or the sale, lease or conveyance of all or substantially all
our assets or business, that might adversely affect the holders of such shares.

In the event a holder of our Series B Redeemable Preferred Stock exercises their redemption option we may redeem such shares of Series B Redeemable Preferred Stock either for cash, or for shares of our Class A common stock, or any combination thereof, in our sole discretion.

If