Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 223

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 223
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 Assuming no material changes in the
relevant tax law, we expect that if we experienced a change of control or the Tax Receivable Agreement were terminated immediately after this offering, the estimated lump-sum payment to the initial TRA Members would be approximately $
(calculated using a discount rate equal to a per annum rate of basis points, applied against an undiscounted liability of approximately $ million). We may need to cause Legence Holdings to incur debt and
make distributions to the holders of LGN Units, including us and the Pubco Subsidiaries, to finance payments under the Tax Receivable Agreement to the extent our cash resources are insufficient to meet our obligations under the Tax Receivable
Agreement as a result of timing discrepancies or otherwise.

Directed Share Program

At our request, the underwriters have reserved up to % of the shares of Class A Common Stock offered by this prospectus for sale,
excluding the additional shares that the underwriters have an option to purchase within 30 days from the date of this prospectus, at the initial public offering price, to certain of our directors and officers and certain other parties related to us
through a directed share program. The number of shares of our Class A Common Stock available for sale to the general public will be reduced to the extent these individuals purchase such reserved shares. Any reserved shares that are not so purchased
will be offered by the underwriters to the general public on the same basis as the other shares offered by this prospectus. Participants in the directed share program will not be subject to the terms of any lock-up agreement with respect to any
shares purchased through the directed share program, except in the case of shares purchased by any of our directors or executive officers. Goldman Sachs will administer our directed share program. We have agreed to indemnify Goldman

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Sachs in connection with the directed share program, including for the failure of any participant to pay for their shares. Other than the underwriting discount set forth on the cover page of this prospectus, the underwriters will not be entitled to any commission with respect to shares of our Class A Common Stock sold pursuant to the directed share program. See “Underwriting (Conflicts of Interest)—Directed Share Program.” Indemnification Agreements with Our Directors and Officers We intend to enter into indemnification agreements, to be effective upon the completion of this offering, with each of our directors and officers. The indemnification agreements and our governing documents will require us to indemnify our directors and officers to the fullest extent permitted by Delaware law. Subject