Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 17

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 17
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 Sub) will contribute the net proceeds of this offering to Legence Holdings in exchange for newly issued LGN Units; and (h) the Legence Holdings LLC Agreement will be amended and restated to, among other things, make Legence the managing member of Legence Holdings (such transactions, the “Corporate Reorganization”). After giving effect to these transactions and the offering contemplated by this prospectus, (a) Legence will own (including through the Pubco Subsidiaries) an approximate 54% economic interest in Legence Holdings (or 56% if the underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom), (b) Legence Parent will own an approximate 46% economic interest in Legence Holdings (or 44% if the underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom), (c) Legence Parent II will own an approximate 52% direct economic interest in Legence (or 48% if the underwriters’ option to purchase additional shares is

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exercised in full and after giving effect to the application of the net proceeds therefrom), (d) Legence Parent will own <1% direct economic interest in Legence (or <1% if the
underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom) and (e) Legence Parent II will own an approximate 28% indirect economic interest in Legence
Holdings (or 27% if the underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom).

Each share of Class A Common Stock and Class B Common Stock will entitle its holder to one vote on all matters to be voted on by
stockholders. Holders of Class A Common Stock and Class B Common Stock will vote together as a single class on all matters presented to our stockholders for their vote or approval, except as otherwise required by applicable law or by our
amended and restated certificate of incorporation. We do not intend to list the Class B Common Stock on any stock exchange.

We will
enter into a Tax Receivable Agreement with the TRA Members. This agreement generally provides for the payment by us to the TRA Members of 85% of the net cash savings, if any, in U.S. federal, state and