Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 187

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 187
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 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 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. After giving effect to the Corporate
Reorganization and the offering contemplated by this prospectus, (a) Legence 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), (b) Legence Investment 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) Legence Investment 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 Legence to the TRA Members of 85% of the net cash savings, if any, in U.S. federal, state and local

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Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 income tax that Legence (a) actually realizes with respect to taxable periods ending after this offering or (b) is deemed to realize in the event the Tax Receivable Agreement terminates early at our election, as a result of our breach or upon a change of control (as