Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 88

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 88
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 Class A Common Stock from us, the proceeds will be used to purchase or redeem outstanding equity interests from our Existing Owners and will not be available to fund our operations.

We and the
selling stockholder have granted the underwriters an option to purchase up to 3,157,808 additional shares of Class A Common Stock from us and 742,192 additional shares of Class A Common Stock from the selling stockholder. If the
underwriters exercise their option to purchase additional shares of Class A Common Stock in full, the additional net proceeds to us will be approximately $80.6 million (based on an assumed initial offering price of $27.00 per share, which is the
midpoint of the price range set forth on the cover page of this prospectus), after deducting underwriting discounts and commissions. We intend to contribute the $80.6 million of net proceeds received by us from the exercise of the option to Legence
Holdings, in exchange for additional LGN Units being issued to Legence Sub. Legence Holdings will use (i) approximately $30.8 million of such net proceeds to purchase LGN Units, together with an equal number of shares of Class B Common Stock, from
Legence Parent at a purchase price per LGN Unit and share of Class B Common Stock equal to the public offering price per share of Class A Common Stock in this offering, net of underwriting discounts and commissions and (ii) approximately $49.8
million of such net proceeds to repay additional outstanding borrowings under the Term Loan Credit Facility. For additional information, see “Use of Proceeds.” Accordingly, we will not retain any of these proceeds, and none of these
proceeds will be available to fund our operations, capital expenditures or acquisition opportunities.

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There is no existing market for our Class A Common Stock, and a trading market that will provide you with adequate liquidity may not develop. The price of our Class A Common Stock may fluctuate significantly, and you could lose all or part of your investment. Prior to this offering, there has been no public market for our Class A Common Stock. After this offering, there will be only 26,000,000 publicly traded shares of Class A Common Stock held by our public stockholders (29,900,000 shares of Class A Common Stock if the underwriters exercise in full their option to purchase additional shares of Class A Common Stock). After this offering, Blackstone and the Management Members will beneficially own (i) 28,998,