Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 94

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 94
---
 net proceeds therefrom), all of which are restricted from immediate resale under the federal securities laws and are subject to the lock-up agreements with the underwriters described in “Underwriting (Conflicts of Interest)” but may be sold into the market in the future. See “Shares Eligible for Future Sale.” In addition,
at our request, the underwriters have reserved up to 5% of the shares of our 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, under the directed share program. 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. Future sales of such shares may cause the price of our Class A
Common Stock to be reduced or become more volatile. See “Underwriting (Conflicts of Interest)—Directed Share Program.” After the completion of this offering, certain of our Existing Owners will own 46,704,823 shares of our
Class B Common Stock or approximately 46% 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 described in “Underwriting (Conflicts of Interest)” but may be sold into the market in the future. See “Shares Eligible for Future
Sale.” 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) will be 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 this offering.

In connection