Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 124

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 124
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 been if the Corporate Reorganization had been completed at the beginning of the periods presented or of what
our future results of operations are likely to be.

After giving effect to the Corporate Reorganization 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). In addition, Legence will be the managing member of Legence Holdings and will be responsible for all operational, management and administrative
decisions relating to Legence Holdings’ business.

Acquisitions

We have pursued and plan to continue to pursue acquisitions as part of our growth strategy, including acquisitions that expand our
capabilities, give us access to new clients or extend our geographic reach. As a result of our acquisition strategy, our results include incremental revenues and expenses following the completion date of an acquisition, as well as various
transaction expenses to support the completion of these acquisitions.

Public Company Expenses

Following the closing of this offering, we anticipate incurring incremental general and administrative expenses as a result of operating as a
publicly traded company, such as expenses associated with SEC reporting requirements, including annual and quarterly reports, SOX compliance expenses, expenses associated with listing our Class A Common Stock on the Nasdaq, independent auditor
fees, legal fees, investor relations expenses, registrar and transfer agent fees, director and officer insurance expenses and director and officer compensation expenses. These incremental general and administrative expenses are not reflected in the
historical financial statements of our predecessor. Additionally, in anticipation of this offering, we have hired additional employees and consultants, including accounting, finance, tax, human resources and legal personnel, in order to prepare for
the requirements of being a publicly traded company.

Income Taxes

Legence is subject to U.S. federal and state income taxes as a corporation. Our predecessor was treated as a pass-through entity