Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 229

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 229
---
 corporation or other entity in which any of the foregoing persons is a partner or principal or in a 
 similar position or in which such person has a 10% or greater beneficial ownership interest.                  |

We anticipate that our board of directors will adopt a written related party transactions policy prior to the completion of this offering. Pursuant to this policy, we expect that our audit committee will review all material facts of all Related Party Transactions. 164

DESCRIPTION OF CAPITAL STOCK

Upon completion of this offering our authorized capital stock will consist of 1,000,000,000 shares of Class A Common Stock, $0.01 par
value per share, of which 54,998,880 shares will be issued and outstanding, 200,000,000 shares of Class B Common Stock, $0.01 par value per share, of which 46,704,823 shares will be issued and outstanding and 50,000,000 shares of
preferred stock, $0.01 par value per share, of which no shares will be issued and outstanding.

The following summary of the capital
stock and amended and restated certificate of incorporation and amended and restated bylaws of Legence does not purport to be complete and is qualified in its entirety by reference to the provisions of applicable law and to our amended and restated
certificate of incorporation and amended and restated bylaws, which are filed as exhibits to the registration statement of which this prospectus is a part.

Class A Common Stock

Holders of
shares of our Class A Common Stock are entitled to one vote for each share held of record on all matters on which stockholders are entitled to vote generally, including the election or removal of directors elected by our stockholders generally.
The holders of our Class A Common Stock do not have cumulative voting rights in the election of directors.

Holders of shares of our
Class A Common Stock are entitled to receive dividends when, as and if declared by our board of directors out of funds legally available therefor, subject to any statutory or contractual restrictions on the payment of dividends and to any
restrictions on the payment of dividends imposed by the terms of any outstanding preferred stock.

Upon our liquidation, dissolution or
winding up and after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any, the holders of shares of our Class A Common Stock will be entitled to receive pro
rata our remaining assets available for distribution.

All shares of our Class A