Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 22

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 22
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 Common Stock, from Legence Parent at a purchase price per LGN Unit and share of Class B Common Stock equal to the public offering price per share of Class A Common Stock in this offering, net of underwriting      
 discounts and commissions and (ii) approximately $49.8 million of such net proceeds to repay additional outstanding borrowings under the Term Loan Credit Facility.                                                                                       |

| We will not receive any proceeds from the sale of additional shares in this offering by the selling stockholder. |

| The section titled “Use of Proceeds” contains additional information regarding our intended use of proceeds from this offering. |

| Voting power of Class A Common Stock after giving effect to this offering | 54% (or 100% if all outstanding LGN Units held by the LGN Unit Holders are exchanged, along with a corresponding number of shares of our Class B Common Stock, for newly issued shares of Class A Common Stock on a one-for-one basis). |

| Voting power of Class B Common Stock after giving effect to this offering | 46% (or 0% if all outstanding LGN Units held by the LGN Unit Holders are exchanged, along with a corresponding number of shares of our Class B Common Stock, for newly issued shares of Class A Common Stock on a one-for-one basis). |

| Voting rights | The Existing Owners will hold all of the outstanding shares of our Class B Common Stock. Each share of Class B Common Stock will entitle its holder to one vote on all matters to be voted on by stockholders generally. After giving         
 effect to the shares issued pursuant to this offering, the Existing Owners will hold in the aggregate 53% 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.                                                                                                                          |

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| 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 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