Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 107

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 107
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 offering price range set forth on the cover page of this prospectus, after deducting assumed underwriting discounts and commissions and estimated 
 offering expenses and (ii) the related use of $    of the proceeds to repay outstanding indebtedness under our Term Loan Credit Facility, as will be determined prior to the offering, and $    of                                
 the proceeds for general corporate purposes as described in “Use of Proceeds.”                                                                                                                                                    |

3. Notes to Unaudited Pro Forma Condensed Consolidated Statement of Operations Transaction accounting adjustments include the following adjustments related to the unaudited pro forma condensed consolidated statement of operations for the year ended December 31, 2024, as follows: Adjustments related to the Corporate Reorganization and Offering Transactions

| e) | Following the Corporate Reorganization, Legence will be subject to U.S. federal income taxes, in addition to                                                                                                                                            
 state and local taxes. As a result, the unaudited pro forma condensed consolidated statement of operations reflects an adjustment to our taxes assuming the federal rates currently in effect and the highest statutory rates apportioned to each state 
 and local jurisdiction.                                                                                                                                                                                                                                 |

| f) | As described in “Corporate Reorganization,” upon completion of the Corporate Reorganization, Legence                                                                                                                                                
 will become the managing member of Legence Holdings. As a result of the Transactions, Legence will initially own approximately % of the economic interest in Legence Holdings. Additionally, Legence will have % of the voting power, thereby       
 controlling the management of Legence Holdings. Immediately following the completion of this offering, the ownership percentage held by noncontrolling interests will be approximately %. Net earnings attributable to the noncontrolling interests 
 will represent % of net earnings before income taxes. These amounts have                                                                                                                                                                            |

71

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83

| been determined based on an assumption that the underwriters’ option to purchase additional shares is not exercised. If the underwriters’ option to purchase additional shares is 
 exercised in full and after giving effect to the application of the net proceeds therefrom, the ownership percentage held by the noncontrolling interest would decrease to %.     |

| i) | The basic and diluted pro forma net loss per share of Class A Common Stock represents net loss                                                                                                                                                  
 attributable to Legence divided by the combination of the shares owned by existing owners