Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 112

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 112
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 common stock with respect to priority
of dividend payments and rights upon liquidation, dissolution or winding up. Our board of directors could also classify for issuance up
to 206,000,000 of the remaining authorized shares of preferred stock with terms and conditions that could have priority as to distributions
and amounts payable upon liquidation over the rights of the holders of our common stock. Such preferred stock could also have the effect
of delaying, deferring or preventing a change in control of us, including an extraordinary transaction (such as a merger, tender offer
or sale of all or substantially all of our assets) that might provide a premium price to holders of our common stock.

Maryland law may limit the ability of a third party to acquire control of us.

The MGCL provides protection
for Maryland corporations against unsolicited takeovers by limiting, among other things, the duties of the directors in unsolicited takeover
situations. The duties of directors of Maryland corporations do not require them to (a) act to accept, recommend or respond to any
proposal by a person seeking to acquire control of the corporation, (b) authorize the corporation to redeem any rights under, or
modify or render inapplicable, any stockholder rights plan, (c) make a determination under the Maryland Business Combination Act,
or (d) act or fail to act solely because of the effect the act or failure to act may have on an acquisition or potential acquisition
of control of the corporation or the amount or type of consideration that may be offered or paid to the stockholders in an acquisition.
Moreover, under the MGCL, the act of a director of a Maryland corporation relating to or affecting an acquisition or potential acquisition
of control is not subject to any higher duty or greater scrutiny than is applied to any other act of a director. The MGCL also contains
a statutory presumption that an act of a director of a Maryland corporation satisfies the applicable standards of conduct for directors
under the MGCL.

The MGCL also provides that,
unless exempted, certain Maryland corporations may not engage in business combinations, including mergers, dispositions of 10% or more
of its assets, certain issuances of shares of stock and other specified transactions, with an “interested stockholder” or
an affiliate of an interested stockholder for five years after the most recent date on which the interested stockholder became an
interested stockholder, and thereafter unless specified criteria are met. An interested stockholder is generally a person owning or controlling,
directly or