Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 24

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 24
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 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 we (a) actually                                                           
 realize with respect to taxable periods ending after this offering or (b) are 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 defined under    
 the Tax Receivable Agreement, which includes certain mergers, asset sales and other forms of business combinations and certain changes to the composition of our board of directors) with respect to any taxable periods ending on or after such early 
 termination event, in each case, as a result of (i) our allocable share of existing tax basis acquired in connection with this offering and increases to such allocable share of existing tax basis; (ii) our utilization of certain tax               
 attributes of the Blocker Entities; (iii) Basis Adjustments; and (iv) certain additional tax benefits arising from payments made under the Tax Receivable Agreement. We will retain the benefit of the remaining 15% of these cash savings, if         
 any. If the Tax Receivable Agreement terminates early, we could be required to make a substantial, immediate lump-sum payment. “Certain Relationships and Related Party Transactions—Tax Receivable                                                    
 Agreement” contains more information.                                                                                                                                                                                                                  |

| Directed share program | At our request, the underwriters have reserved up to 5% of the shares of Class A Common Stock offered by this prospectus for sale, excluding the additional shares that the underwriters have an option to purchase within 30 days from the date        
 of this prospectus, at the initial public offering price, to certain of our directors and officers and certain other parties related to us, under the directed share program. The number of shares of our Class A Common Stock available for sale to    
 the general public will be reduced to the extent these individuals purchase such reserved shares. Any reserved shares that are not so purchased will be offered by the underwriters to the general public on the same basis as the other shares offered 
 by this prospectus. See “Underwriting (Conflicts of Interest)—Directed Share Program.”                                                                                                                                                                  |

| Listing and trading symbol | We intend to list our Class A Common Stock on the Nasdaq under the symbol “LGN.” |

The information above excludes 8,136,296 shares of Class A Common Stock reserved for issuance under our omnibus incentive plan (which number of shares assumes