Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 114

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 114
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 of deferred tax assets and related non-currentliabilities that we will recognize as a result of any such future exchanges will differ based on, among other things: (i) the amount and timing of future exchanges of LGN Units by LGN Unit Holders (including any LGN Units issued upon conversion of vested Series A Profits Interests), and the extent to which such exchanges are taxable; (ii) the price per share of our Class A Common Stock at the time of the exchanges; (iii) the amount and timing of future income against which to offset the tax benefits; and (iv) the tax rates then in effect.

| d) | Represents (i) the net proceeds of approximately $    based on an assumed initial                                                                                                                                                 
 public offering price of $    per share, which is the midpoint of the estimated offering price range set forth on the cover page of this prospectus, after deducting assumed underwriting discounts and commissions and estimated 
 offering expenses and (ii) the related use of $    of the proceeds to repay outstanding indebtedness under our Term Loan Credit Facility, as will be determined prior to the offering, and $    of                                
 the proceeds for general corporate purposes as described in “Use of Proceeds.”                                                                                                                                                    |

3. Notes to Unaudited Pro Forma Condensed Consolidated Statement of Operations Transaction accounting adjustments include the following adjustments related to the unaudited pro forma condensed consolidated statement of operations for the year ended December 31, 2024, as follows: Adjustments related to the Corporate Reorganization and Offering Transactions

| e) | Following the Corporate Reorganization, Legence will be subject to U.S. federal income taxes, in addition to                                                                                                                                            
 state and local taxes. As a result, the unaudited pro forma condensed consolidated statement of operations reflects an adjustment to our taxes assuming the federal rates currently in effect and the highest statutory rates apportioned to each state 
 and local jurisdiction.                                                                                                                                                                                                                                 |

| f) | As described in “Corporate Reorganization,” upon completion of the Corporate Reorganization, Legence                                                                                                    
 will become the managing member of Legence Holdings. As a result of the Transactions, Legence will initially own (including through the Pubco Subsidiaries) approximately % of the economic interest in |

74

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R.