Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 93

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 93
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 of companies that are subject to such requirements.

Upon completion of this offering, our Sponsor will control a majority of our voting power. As a result, we will be a “controlled
company” within the meaning of the Nasdaq corporate governance standards. Under the Nasdaq rules, a company of which more than 50% of the voting power is held by an individual, group or another company is a “controlled company” and
need not comply with certain requirements, including the requirement that a majority of the board of directors consist of independent directors and the requirements that our compensation and nominating and governance committees be composed entirely
of independent directors. Following this offering, we do not intend to utilize these exemptions, However, for so long as we qualify as a “controlled company,” we will maintain the option to utilize some or all of these exemptions. If we
utilize these exemptions, we may not have a majority of independent directors and our compensation and nominating and governance committees may not consist entirely of independent directors, and such committees will not be subject to annual
performance evaluations. Accordingly, in the event we elect to rely on these exemptions in the future, you may not have the same protections afforded to stockholders of companies that are subject to all of the corporate governance requirements of
the Nasdaq. See “Management—Status as a Controlled Company.”

58

Future sales of our Class A Common Stock in the public market could reduce the market price of our Class A Common Stock, and any additional capital raised by us through the sale of equity or convertible or exchangeable securities may dilute your ownership in us.

We may sell additional shares of Class A Common Stock in subsequent public offerings. We may also issue additional shares of Class A
Common Stock or convertible or exchangeable securities (including LGN Units). After the completion of this offering, we will have outstanding 54,998,880 shares of our Class A Common Stock of which the Aggregators will own
28,998,880 shares of our Class A Common Stock (or 28,256,688 shares of Class A Common Stock if the underwriters exercise in full their option to purchase additional shares of Class A Common Stock and after giving effect to
the application of the net proceeds therefrom) or approximately 53% of our total outstanding shares of Class A Common Stock (or 49% of outstanding shares of our Class A Common Stock if the underwriters exercise in full their option to purchase
additional shares of Class A Common Stock and after giving effect to the application of the