Comstock adopts new Section 382 rights agreement to protect NOLs; replaces expired plan

Comstock Holding Companies, Inc.

Old rights agreement expired March 27, 2025; new agreement with Equiniti Trust Company effective March 28, 2025.
Rights attach to common stock; record date April 14, 2025; distribution triggered at 4.95% beneficial ownership threshold.
Each right entitles holder to purchase 1/1000th of a share of Series A Junior Participating Preferred Stock at $20.48 per unit.
Rights expire March 28, 2035, unless redeemed earlier at $0.001 per right or exchanged; Board may submit to stockholder vote at 2025 annual meeting.
If shareholder approval not obtained by first anniversary, rights expire; designed to limit ownership change and preserve NOL tax benefits.

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