Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 89

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 89
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 effectiveness of
this registration statement, we have outstanding 58,656,167 shares of our Class A Common Stock of which the Aggregators own 29,022,940 shares of our Class A Common Stock or approximately 49% of our total outstanding shares of Class A
Common Stock, all of which are restricted from immediate resale under the federal securities laws and are subject to the lock-up agreements (which lock-up restrictions are being waived by the underwriters with
respect to the shares of Class A Common Stock to be sold in this offering) with the underwriters of our IPO, but may be sold into the market in the future.

As of the date of effectiveness of this registration statement, certain of our Existing Owners own 46,680,762 shares of our Class B
Common Stock or approximately 44% of our total outstanding shares of Common Stock, all of which are restricted from immediate resale under the federal securities laws and are subject to
the lock-up agreements with the underwriters in our IPO described in “Underwriting (Conflicts of Interest)” but may be sold into the market in the future. Subject to certain limitations
and exceptions, certain of our Existing Owners may exchange their LGN Units (together with shares of Class B Common Stock) for shares of Class A Common Stock (on a
one-for-one basis, subject to conversion rate adjustments for stock splits, stock dividends and reclassification and other similar transactions) and then sell those
shares of Class A Common Stock. Certain of our Existing Owners (or their designees) are party to a registration rights agreement (as described in “Certain Relationships and Related Party Transactions—Registration Rights
Agreement”), which, among other things, requires us, in certain circumstances, to register shares of Class A Common Stock (including shares of Class A Common Stock into which LGN Units are redeemable) no earlier than the expiration
of the lock-up period contained in the underwriting agreement entered into in connection with the IPO.

In addition, as of the date of effectiveness of this registration statement, an aggregate of 29,022,940 shares of Class A Common Stock,
46,680,762 shares of Class B Common Stock and 46,680,762 LGN Units, representing approximately 72% of the issued and outstanding Class A Common Stock, assuming the exchange of all outstanding LGN Units (other than those held directly or
indirectly by the Company), together with a corresponding number of shares of Class B Common Stock, for shares of Class A Common