Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 21

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 21
---
 Use of proceeds | We expect to receive approximately $636.9 million of net proceeds from the sale of the Class A Common Stock offered by us (assuming no exercise of the underwriters’ option to purchase additional shares), assuming an initial public                   
 offering price of $27.00 per share, which is the midpoint of the price range on the cover page of this prospectus, after deducting underwriting discounts and commissions and estimated offering expenses payable by us. A $1.00 increase (decrease) in  
 the assumed initial public offering price of $27.00 per share would increase (decrease) the net proceeds to us from the sale of the Class A Common Stock offered by us by $24.6 million, assuming the number of shares offered by us, as set forth       
 on the cover page of this prospectus, remains the same, after deducting estimated underwriting discounts and commissions and estimated offering expenses. Similarly, an increase (decrease) of one million shares in the number of shares sold in this   
 offering by us would increase (decrease) the net proceeds to us from this offering by $25.5 million, assuming the initial public offering price of $27.00 per share, which is the midpoint of the estimated public offering price range set forth on the 
 cover page of this prospectus, remains the same.                                                                                                                                                                                                         |

| We intend to contribute all of the net proceeds from this offering (not including the exercise of the underwriters’                                       
 option to purchase additional shares) to Legence Holdings in exchange for LGN Units. Legence Holdings intends to use such net proceeds from this offering |

11

for the repayment of outstanding borrowings under our Term Loan Credit Facility and the remaining proceeds for general corporate purposes.

| If the underwriters exercise their option to purchase additional shares of Class A Common Stock in full, the additional net proceeds to us will be approximately $80.6 million (based on an assumed initial                                               
 offering price of $27.00 per share, which is the midpoint of the price range set forth on the cover page of this prospectus), after deducting underwriting discounts and commissions. We intend to contribute the $80.6 million of net proceeds           
 received by us from the exercise of the option to Legence Holdings, in exchange for additional LGN Units being issued to Legence Sub. Legence Holdings will use (i) approximately $30.8 million of such net proceeds to purchase LGN Units, together with 
 an equal number of shares of Class B