Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 84

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 84
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 more than 50% of the voting power is held by an individual, group
or another company is a “controlled company” and need not comply with certain requirements, including the requirement that a majority of the board of directors consist of independent directors and the requirements that our compensation
and nominating and governance committees be composed entirely of independent directors. We do not intend to utilize these exemptions. However, for so long as we qualify as a “controlled company,” we will maintain the option to utilize
some or all of these 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). We have outstanding 58,656,167 shares of our Class A Common Stock of which the Aggregators own 29,022,940 shares of our Class A Common Stock or approximately 49%
of our total outstanding shares of Class A Common Stock, all of which are restricted from immediate resale under the federal securities laws and are subject to the lock-up agreements (which lock-up
restrictions are being waived by the underwriters with respect to the shares of Class A Common Stock to be sold in this offering) with the underwriters of our IPO, but may be sold into the market in the future.

50

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

Certain of our Existing Owners own 46,680,762 shares of our Class B Common Stock or
approximately 44% 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 in our IPO