Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 212

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 212
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from), (b) Legence Parent will own an approximate % economic interest in Legence Holdings (or % if the underwriters’ option to purchase additional shares is exercised in full and after giving effect to
the application of the net proceeds therefrom), (c) Legence Parent II will own an approximate % economic interest in Legence (or % if the underwriters’ option to purchase additional shares is exercised in full
and after giving effect to the application of the net proceeds therefrom), (d) Legence Parent will own an approximate % economic interest in Legence (or % if the underwriters’ option to purchase additional shares is
exercised in full and after giving effect to the application of the net proceeds therefrom) and (e) Legence Parent II will own an approximate % indirect economic interest in Legence Holdings (or % if the
underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom).

153

Each share of Class A Common Stock and Class B Common Stock will entitle its
holder to one vote on all matters to be voted on by stockholders. Holders of Class A Common Stock and Class B Common Stock will vote together as a single class on all matters presented to our stockholders for their vote or approval, except
as otherwise required by applicable law or by our amended and restated certificate of incorporation. We do not intend to list the Class B Common Stock on any stock exchange.

We will enter into a Tax Receivable Agreement with the TRA Members. This agreement generally provides for the payment by us to the TRA Members
of 85% of the net cash savings, if any, in U.S. federal, state and local income tax that we (a) actually realize with respect to taxable periods ending after this offering or (b) are deemed to realize in the event the Tax Receivable
Agreement terminates early at our election, as a result of our breach or upon a change of control (as defined under the Tax Receivable Agreement, which includes certain mergers, asset sales and other forms of business combinations and certain
changes to the composition of our board of directors) with respect to any taxable periods ending on or after such early termination event, in each case, as a result of (i) our allocable share of existing tax basis acquired in connection with
this offering and increases to such allocable share of existing tax basis; (ii) our utilization of certain tax attributes of the Block