Company: BHM
Filing Date: 2025-10-08
Form Type: S-11
Source: 0001104659-25-097905
Chunk: 303

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-10-08
Form: S-11
Chunk 303
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 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 However, such resolution can be altered or repealed, in whole or in part, at any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 vote requirements and the other provisions
of the statute.

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Control Share Acquisitions

The MGCL provides that a
holder of “control shares” of a Maryland corporation acquired in a “control share acquisition” has no voting
rights with respect to such shares except to the extent approved at a special meeting by the affirmative vote of stockholders entitled
to cast two-thirds of the votes entitled to be cast on the matter, excluding shares of stock in a corporation in respect of which any
of the following persons is entitled to exercise or direct the exercise of the voting power of shares of stock of the corporation in
the election of directors:

| · | a person who makes or proposes to 
 make a control share acquisition; |

| · | an officer of the corporation; or |

| · | an employee of the corporation who     
 is also a director of the corporation. |

“Control shares”
are voting shares of stock which, if aggregated with all other such shares of stock previously acquired by the acquiror or in respect
of which the acquiror is able to exercise or direct the exercise of voting power (