Baldwin files Form D in connection with certain acquisition

The Baldwin Group has filed two Form D notices with the U.S. Securities and Exchange Commission tied to equity issuances made in connection with a business combination transaction.

The filings disclose the issuance of Class A common stock under a Regulation D Rule 506(b) exemption, with offering amounts ranging from approximately $8.4 million to $9.4 million. Each filing indicates that the securities were issued in connection with a merger or acquisition and that the offerings were fully subscribed, with no remaining securities to be sold.

According to the filings, the equity was issued at a per share price of $23.78, based on Baldwin’s closing price on the Nasdaq Global Select Market on January 2, 2026.

The Form D notices were filed one day after Baldwin announced its acquisition of Obie, a Chicago-based startup offering insurance solutions for landlords and real estate investors.