Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 86

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 86
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subject to certain exceptions, such parties agreed to be subject to certain resale restrictions for a period of 180 days following the effectiveness date of the registration statement filed in connection with the IPO. Goldman Sachs & Co.
LLC and Jefferies LLC have agreed to release, with respect to this offering, the lock-up restrictions applicable to the Company and the selling stockholders pursuant to agreements entered into in connection
with the IPO. The underwriters may waive or release the lock-up restrictions contained in such agreements entered into in connection with the IPO or with this offering in the future, which could cause the
market price of our Class A Common Stock to decline and impair our ability to raise capital.

Terms of subsequent financings may adversely impact stockholder equity.

If we raise more equity capital from the sale of Class A Common Stock, such equity could be
offered at a price more favorable than the then current market price of our Class A Common Stock. If we issue debt securities, the holders of the debt would have a claim to our assets that would be prior to the rights of stockholders until the
debt is paid. Interest on these debt securities would increase costs and could negatively impact our operating results.

In accordance
with Delaware law and the provisions of our amended and restated certificate of incorporation, we may issue one or more classes or series of preferred stock that ranks senior in right of dividends, liquidation or voting to our Common Stock.
Preferred stock may have such designations, preferences,

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Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 limitations and relative rights, including preferences over our Common Stock respecting dividends and distributions, as our board of directors may determine, and the issuance of preferred stock would dilute the ownership of our existing stockholders. The terms of one or more classes or series of preferred stock could adversely impact the voting power or value of our Class A Common Stock. For example, we might grant holders of preferred stock the right to elect some number of our directors in all events or on the happening of specified events or the right to veto specified transactions. Similarly, the repurchase or redemption rights or liquidation preferences we might assign to holders of preferred stock could affect the residual value of our Common Stock. The terms of any series of preferred stock may also reduce or eliminate the amount of cash available for payment of dividends to our holders of Class A Common Stock or subordinate the claims of our holders of Class A Common Stock to our assets in the event of our liquid