Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 104

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 104
---
 pro forma net tangible book deficit after this offering) to new investors purchasing shares in this offering of $33.32 per share. The following table illustrates the per share dilution to new investors purchasing shares in this offering (assuming that 100% of our LGN Units have been exchanged for Class A Common Stock and the cancellation of the corresponding shares of Class B Common Stock pursuant to the Legence Holdings LLC Agreement):

| Initial public offering price per share                                                       
 Pro forma net tangible book deficit per share as of June 30, 2025 (after giving effect to the 
 Corporate Reorganization)                                                                     |     |   |  27.00 
 (16.68 | ) |
|:----------------------------------------------------------------------------------------------|:----|:--|-------:|:--|
| Decrease in pro forma net tangible book deficit per share of Class A Common Stock             
 attributable to investors in this offering                                                    |     | $ |  10.36 |   |
| As adjusted pro forma net tangible book deficit per share of Class A Common Stock after the   
 Corporate Reorganization and this offering                                                    |     | $ |  (6.32 | ) |
| Dilution in pro forma net tangible book deficit per share of Class A Common Stock to          
 investors in this offering                                                                    |     | $ |  33.32 |   |

If the underwriters exercise in full their option to purchase 3,157,808 additional shares of Class A Common Stock from us and 742,192 additional shares of Class A Common Stock from the selling stockholder, the adjusted pro forma net tangible book deficit after this offering would be $(5.72) per share, the decrease in pro forma net tangible book deficit per share attributable to investors in this offering would be $10.96 per share and the dilution to new investors would be $32.72 per share. A $1.00 change in the assumed initial public offering price of $27.00 per share, which is the midpoint of the estimated offering price range set forth on the cover page of this prospectus, would change our as adjusted pro forma net tangible book deficit per share after the offering by $0.24 and change the dilution to new investors in this offering by $0.76 per share, assuming the number of shares offered by us, as set forth on the cover page of this prospectus, remains the same, after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable by us. The following table summarizes, on an adjusted pro forma basis