Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 17

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 17
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 Owners will contribute such
Class A Common Stock received to Aggregator 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 (such transactions, the “Corporate Reorganization”). After giving effect to
these transactions and the offering contemplated by this prospectus, (a) Legence will own (including through the Pubco Subsidiaries) 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), (b) Aggregator I 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) and (c) Aggregator II will own an approximate % economic interest in Legence (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).

Each share of Class A Common Stock and Class B Common Stock will entitle its holder to one vote on all matters to be voted on by
stockholders. Holders of Class A Common Stock and Class B Common Stock will vote together as a single class on all matters presented to our stockholders for their vote or approval, except as otherwise required by applicable law or by our
amended and restated certificate of incorporation. We do not intend to list the Class B Common Stock on any stock exchange.

We will
enter into a Tax Receivable Agreement with the TRA Members. This agreement generally provides for the payment by us to the TRA Members of 85% of the net cash savings, if any, in U.S. federal, state and local income tax that