Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 219

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 219
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 $ million and $ million, respectively (in each case, based on an assumed
initial offering price of $ 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. While Legence Parent II will retain proceeds
received as consideration for any such additional shares sold by it, we intend to contribute the net proceeds received from the sale of any additional shares by us to Legence Holdings in exchange for additional LGN Units being issued to Legence Sub,
and Legence Holdings will use 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. After giving effect to the Corporate Reorganization and the offering contemplated by this prospectus, 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).

Legence Holdings LLC Agreement

Legence,
the Pubco Subsidiaries and Legence Parent, as the members of Legence Holdings, will hold the LGN Units and their interests therein and rights as members will be governed by the Legence Holdings LLC Agreement. After giving effect to the Corporate
Reorganization and the offering contemplated by this prospectus, 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). Under the Legence Holdings LLC Agreement, we will have the right, as managing member of Legence Holdings, to determine when distributions will be made to the holders of LGN
Units, including us and the Pubco Subsidiaries, and the amount of any such distributions. Following this offering, if we authorize a distribution, such distribution will be made to the LGN Unit Holders and us and the Pubco Subsidiaries on a pro rata
basis in accordance with their respective percentage ownership of LGN Units.

We and the LGN Unit Holders will generally incur U.S.
federal, state and local income taxes on our proportionate share of any taxable income of Legence Holdings and will be allocated