Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 311

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 311
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 corporation who, at any time
within the two-year period prior to the date in question, was the beneficial owner, directly or indirectly, of 10% or more of the voting
power of the then-outstanding stock of the corporation after the date on which the corporation had 100 or more beneficial owners of its
stock) or an affiliate of such an interested stockholder are prohibited for five years after the most recent date on which the interested
stockholder becomes an interested stockholder. A person is not an interested stockholder under the statute if, prior to the more recent
time at which the person would otherwise have become an interested stockholder, the board of directors approved in advance the transaction
by which the person otherwise would have become an interested stockholder. However, in approving a transaction, the board of directors
may provide that its approval is subject to compliance, at or after the time of approval, with any terms and conditions determined by
the board. After the five-year prohibition, any such business combination must be recommended by the board of directors of such corporation
and approved by the affirmative vote of at least (1) 80% of the votes entitled to be cast by holders of outstanding shares of voting
stock of the corporation, voting together as a single voting group, and (2) two-thirds of the votes entitled to be cast by holders
of voting stock of the corporation other than voting stock held by the interested stockholder with whom (or with whose affiliate) the
business combination is to be effected or held by an affiliate or associate of the interested stockholder, voting together as a single
group, unless an exemption under the MGCL applies. These provisions of the MGCL do not apply, however, to business combinations that
are approved or exempted by a board of directors prior to the time that the interested stockholder becomes an interested stockholder.

Pursuant to the statute,
our board of directors has exempted any business combination involving us and any person, provided that the business combination is first
approved by our board of directors, in which case, the five-year prohibition and the super-majority vote requirements will not apply
to business combinations between us and any person. However, such resolution can be altered or repealed, in whole or in part, at any
time by our board of directors. As a result, any person may be able to enter into business combinations with us that may not be in the
best interest of our stockholders without compliance by our company with the super-majority