Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 250

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 250
---
                                                                                                                        
 similar transaction that is approved by the Company’s board of directors and made to all holders of the Company’s capital stock involving a change of control of the Company; provided that in the event that such tender offer, merger, 
 consolidation or other similar transaction is not completed, such securities shall remain subject to the provisions of a lock-up agreement; and                                                                                          |

| • |     | with respect to each of the Aggregators, the ability of the security holder to pledge, hypothecate or otherwise                                                                                                                                     
 grant a security interest in such holder’s securities to one or more banks, financial or lending institutions as collateral or security for any loan, advance, margin loan or extension of credit or similar financing activity or arrangements and 
 any transfer upon foreclosure upon or enforcement of such securities, provided, that the security holder or the Company, as the case may be, shall provide the representatives prior written notice informing them of any public filing, report or  
 announcement with respect to such pledge, hypothecation or other grant of a security interest.                                                                                                                                                      |

Prior to the offering, there has been no public market for the Class A Common Stock. The initial public offering price has been negotiated among the Company and the representatives. Among the factors to be considered in determining the initial public offering price of the Class A Common Stock, in addition to prevailing market conditions, will be the Company’s historical performance, estimates of the business potential and earnings prospects of the Company, an assessment of the Company’s management and the consideration of the above factors in relation to market valuation of companies in related businesses. We intend to apply to list the shares on the Nasdaq under the symbol “LGN.” In order to meet one of the requirements for listing the shares on the Nasdaq, the underwriters have undertaken to sell lots of 100 or more shares to a minimum of 400 beneficial holders. In connection with the offering, the underwriters may purchase and sell shares of Class A Common Stock in the open market. These transactions may include short sales, stabilizing transactions and purchases to cover positions created by short sales. Short sales involve the sale by the underwriters of a greater number of shares than they are required to purchase in the offering, and a short position represents the amount of such sales that have not been covered by subsequent purchases. A “covered short position” is a short position that is not greater than the amount of additional shares for which the underwriters’ option described above may be exercised. The underwriters may cover any covered short position by either exercising their