X0202 SCHEDULE 13G 0002081441 XXXXXXXX LIVE Class A Ordinary Shares, par value $0.0001 per share 12/10/2025 0002081532 Bluerock Acquisition Corp. G1352R105 919 Third Avenue New York NY 10022 Rule 13d-1(d) Bluerock Acquisition Holdings, LLC X1 5655000.00 0.00 5655000.00 0.00 5655000.00 N 24.6 OO (1) The securities are held directly by Bluerock Acquisition Holdings, LLC (the "Sponsor"). BEH SPAC Holdings, LLC ("BEH") is the managing member of the Sponsor. Bluerock Enterprise Holdings, LP ("Bluerock Enterprise") is the sole member of BEH. Bluerock Holdings Manager, Inc. ("Bluerock Manager") is the general partner of Bluerock Enterprise. Ramin Kamfar controls Bluerock Manager and has voting and investment discretion with respect to the securities held of record by the Sponsor. (2) The Sponsor owns 5,655,000 Class B Ordinary Shares, par value $0.0001 per share, of the Issuer (the "Class B Ordinary Shares"), which are convertible for the Issuer's Class A Ordinary Shares, par value $0.0001 per share (the "Class A Ordinary Shares"), as described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-291337) (the "Registration Statement") and have no expiration date. (3) Excludes 4,500,000 Class A Ordinary Shares issuable upon the exercise of 4,500,000 private placement warrants of the Issuer. Each warrant is exercisable to purchase one Class A Ordinary Share at $11.50 per share, subject to adjustment, becomes exercisable beginning 30 days after the completion of the Issuer's initial business combination and expires five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, each as is described under the heading "Description of Securities--Warrants" in the Registration Statement. (4) Based on 17,250,000 Class A Ordinary Shares and 5,750,000 Class B Ordinary Shares outstanding as of March 20, 2026, as reported on the Issuer's Annual Report on Form 10-K (the "Form 10-K"), filed with the U.S. Securities and Exchange Commission on March 20, 2026. BEH SPAC Holdings, LLC X1 5655000.00 0.00 5655000.00 0.00 5655000.00 N 24.6 OO (1) The securities are held directly by the Sponsor. BEH is the managing member of the Sponsor. Bluerock Enterprise is the sole member of BEH. Bluerock Manager is the general partner of Bluerock Enterprise. Ramin Kamfar controls Bluerock Manager and has voting and investment discretion with respect to the securities held of record by the Sponsor. (2) The Sponsor owns 5,650,000 Class B Ordinary Shares of the Issuer, which are convertible for the Issuer's Class A Ordinary Shares, as described under the heading "Description of Securities--Founder Shares" in the Registration Statement and have no expiration date. (3) Excludes 4,500,000 Class A Ordinary Shares issuable upon the exercise of 4,500,000 private placement warrants of the Issuer. Each warrant is exercisable to purchase one Class A Ordinary Share at $11.50 per share, subject to adjustment, becomes exercisable beginning 30 days after the completion of the Issuer's initial business combination and expires five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, each as is described under the heading "Description of Securities--Warrants" in the Registration Statement. (4) Based on 17,250,000 Class A Ordinary Shares and 5,750,000 Class B Ordinary Shares outstanding as of March 20, 2026, as reported on the Form 10-K. Bluerock Enterprise Holdings, LP X1 5655000.00 0.00 5655000.00 0.00 5655000.00 N 24.6 OO (1) The securities are held directly by the Sponsor. BEH is the managing member of the Sponsor. Bluerock Enterprise is the sole member of BEH. Bluerock Manager is the general partner of Bluerock Enterprise. Ramin Kamfar controls Bluerock Manager and has voting and investment discretion with respect to the securities held of record by the Sponsor. (2) The Sponsor owns 5,650,000 Class B Ordinary Shares of the Issuer, which are convertible for the Issuer's Class A Ordinary Shares, as described under the heading "Description of Securities--Founder Shares" in the Registration Statement and have no expiration date. (3) Excludes 4,500,000 Class A Ordinary Shares issuable upon the exercise of 4,500,000 private placement warrants of the Issuer. Each warrant is exercisable to purchase one Class A Ordinary Share at $11.50 per share, subject to adjustment, becomes exercisable beginning 30 days after the completion of the Issuer's initial business combination and expires five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, each as is described under the heading "Description of Securities--Warrants" in the Registration Statement. (4) Based on 17,250,000 Class A Ordinary Shares and 5,750,000 Class B Ordinary Shares outstanding as of March 20, 2026, as reported on the Form 10-K. Bluerock Holdings Manager, Inc. X1 5655000.00 0.00 5655000.00 0.00 5655000.00 N 24.6 OO (1) The securities are held directly by the Sponsor. BEH is the managing member of the Sponsor. Bluerock Enterprise is the sole member of BEH. Bluerock Manager is the general partner of Bluerock Enterprise. Ramin Kamfar controls Bluerock Manager and has voting and investment discretion with respect to the securities held of record by the Sponsor. (2) The Sponsor owns 5,650,000 Class B Ordinary Shares of the Issuer, which are convertible for the Issuer's Class A Ordinary Shares, as described under the heading "Description of Securities--Founder Shares" in the Registration Statement and have no expiration date. (3) Excludes 4,500,000 Class A Ordinary Shares issuable upon the exercise of 4,500,000 private placement warrants of the Issuer. Each warrant is exercisable to purchase one Class A Ordinary Share at $11.50 per share, subject to adjustment, becomes exercisable beginning 30 days after the completion of the Issuer's initial business combination and expires five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, each as is described under the heading "Description of Securities--Warrants" in the Registration Statement. (4) Based on 17,250,000 Class A Ordinary Shares and 5,750,000 Class B Ordinary Shares outstanding as of March 20, 2026, as reported on the Form 10-K. Ramin Kamfar X1 5655000.00 00.00 5655000.00 0.00 5655000.00 N 24.6 IN (1) The securities are held directly by the Sponsor. BEH is the managing member of the Sponsor. Bluerock Enterprise is the sole member of BEH. Bluerock Manager is the general partner of Bluerock Enterprise. Ramin Kamfar controls Bluerock Manager and has voting and investment discretion with respect to the securities held of record by the Sponsor. (2) The Sponsor owns 5,650,000 Class B Ordinary Shares of the Issuer, which are convertible for the Issuer's Class A Ordinary Shares, as described under the heading "Description of Securities--Founder Shares" in the Registration Statement and have no expiration date. (3) Excludes 4,500,000 Class A Ordinary Shares issuable upon the exercise of 4,500,000 private placement warrants of the Issuer. Each warrant is exercisable to purchase one Class A Ordinary Share at $11.50 per share, subject to adjustment, becomes exercisable beginning 30 days after the completion of the Issuer's initial business combination and expires five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, each as is described under the heading "Description of Securities--Warrants" in the Registration Statement. (4) Based on 17,250,000 Class A Ordinary Shares and 5,750,000 Class B Ordinary Shares outstanding as of March 20, 2026, as reported on the Form 10-K. Bluerock Acquisition Corp. 919 Third Avenue, New York, New York 10022 1. Bluerock Acquisition Holdings, LLC 2. BEH SPAC Holdings, LLC 3. Bluerock Enterprise Holdings, LP 4. Bluerock Holdings Manager, Inc. 5. Ramin Kamfar 919 Third Avenue, New York, New York 10022 See response to Item 4 on the cover page. Y See response to Item 9 on the cover page. See response to Item 11 on the cover page. % See response to Item 5 on the cover page. See response to Item 6 on the cover page. See response to Item 7 on the cover page. See response to Item 8 on the cover page. Y Y Y Y Y Y Exhibit 99.1 Joint Filing Agreement, dated as of April 1, 2026 by and among Bluerock Acquisition Holdings, LLC, BEH SPAC Holdings, LLC, Bluerock Enterprise Holdings, LP, Bluerock Holdings Manager, Inc., and Ramin Kamfar. Bluerock Acquisition Holdings, LLC /s/ Ramin Kamfar 04/01/2026 BEH SPAC Holdings, LLC /s/ Jordan Ruddy 04/01/2026 Bluerock Enterprise Holdings, LP /s/ Jordan Ruddy 04/01/2026 Bluerock Holdings Manager, Inc. /s/ Jordan Ruddy 04/01/2026 Ramin Kamfar /s/ Ramin Kamfar 04/01/2026