Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 92

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 92
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 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.”

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 shares of our Class A Common Stock of which our Sponsor will own shares of our Class A Common Stock (or shares of
Class A

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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 % of our total outstanding shares of Common Stock (or % 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 net proceeds therefrom), all of which are restricted from immediate resale under the federal securities laws and are subject to the lock-up agreements
with the underwriters described in “Underwriting (Conflicts of Interest)” but may be sold into the market in the future. See “Shares Eligible for Future Sale.” After the completion of this offering, certain of our Existing
Owners will own shares of our Class B Common Stock or approximately % of our total outstanding shares of Common Stock, all of which are restricted from immediate resale under the federal securities laws and are
subject to the lock-up agreements with the underwriters described in “Underwriting (Conflicts of Interest)” but may be sold into the market in the future. See “Shares Eligible for
Future Sale.” Subject to certain limitations and exceptions, certain of our Existing Owners may exchange their LGN Units (together with shares of Class B Common Stock) for shares of Class A Common Stock (on