Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 217

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 217
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ence Parent formed Legence; (b) the ownership interests in Legence Holdings will be
recapitalized into two classes of common equity limited liability company units (defined herein as LGN Units); (c) Legence Intermediate will distribute a portion of its interests in Legence Holdings to Legence Parent, which will in turn distribute
such interests to certain of the Existing Owners; (d) such Existing Owners will contribute all of, and Legence Intermediate will contribute a portion of, their interests in Legence Holdings directly, or indirectly by contribution of interests
in Blocker Entities holding interests in Legence Holdings, to Legence in exchange for newly issued Class A Common Stock; (e) such Existing Owners will contribute such Class A Common Stock received to Legence Parent II, and Legence
Intermediate will liquidate and distribute such Class A Common Stock and its remaining interests in Legence Holdings to Legence Parent; (f) Legence Parent will subscribe for newly issued Class B Common Stock from Legence in exchange
for nominal consideration as a result of its historic indirect ownership of Legence Holdings, and certain of the Existing Owners will continue to hold a portion of their pre-IPO ownership interest in Legence
Holdings through Legence Parent; (g) Legence (through Legence Sub) will contribute the net proceeds of this offering to Legence Holdings in exchange for newly issued LGN Units; and (h) the Legence Holdings LLC Agreement will be amended and
restated to, among other things, make Legence the managing member of Legence Holdings. After giving effect to the Corporate Reorganization and the offering contemplated by this prospectus, (a) Legence will own (including through the Pubco
Subsidiaries) an approximate 54% economic interest in Legence Holdings (or 56% if the underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom), (b)
Legence Parent will own an approximate 46% economic interest in Legence Holdings (or 44% 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 52% direct economic interest in Legence (or 48% 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