Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 24

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 24
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 aggregate  % of the outstanding shares of our 
 Class A Common Stock. The Class A Common Stock will be voting stock and entitle each holder to one vote per share of Class A Common Stock. The section titled “Description of Capital Stock” contains more information.                        |

| Conflicts of interest | Because certain affiliates of Blackstone Securities Partners L.P., an underwriter in this offering, own in excess of 10% of the outstanding |

12

| LGN Units, Blackstone Securities Partners L.P. is deemed to have a “conflict of interest” under Rule 5121 of the Financial Industry Regulatory Authority, Inc.                                                                           
 (“FINRA”). Accordingly, this offering is being made in compliance with the requirements of FINRA Rule 5121. Pursuant to that rule, the appointment of a “qualified independent underwriter” is not required in connection                
 with this offering. In accordance with FINRA Rule 5121(c), no sales of the shares of Class A Common Stock in this offering will be made to any discretionary account over which Blackstone Securities Partners L.P. exercises discretion 
 without the prior specific written approval of the account holder. See “Underwriting (Conflicts of Interest).”                                                                                                                           |

Dividend policy

| Following the completion of this offering, our board of directors may elect to declare cash dividends on our Class A Common Stock, subject to our compliance with applicable law, and                                                                   
 depending on, among other things, economic conditions, our financial condition, results of operations, projections, liquidity, earnings, legal requirements and restrictions in the agreements governing our indebtedness (as further discussed below). 
 The payment of any future dividends will be at the discretion of our board of directors. We have not adopted, and do not currently expect to adopt, a written dividend policy. The section titled “Dividend Policy” contains more                       
 information.                                                                                                                                                                                                                                            |

| Exchange rights of other LGN Unit Holders | In connection with the completion of this offering, we and Legence Holdings will enter into an Exchange Agreement with Legence Parent so that it may (subject to the terms of the Exchange Agreement and the Legence Holdings LLC Agreement) exchange 
 its LGN Units, along with surrendering a corresponding number of shares of Class B Common Stock, for shares of Class A Common Stock of Legence on                                                                                                     
 a one-for-one basis (the “Exchange Right”), subject to customary conversion rate adjustments for stock splits, stock dividends and                                                                                                                    
 reclassifications, or, at our