Placement agent transaction fees
Company: Applied Digital
The claim, verbatim
Northland Securities, Inc. will receive fees equal to 3.5% of the gross transaction amount as placement agent
Source (primary)
Applied Digital 8-K filed 2024-08-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Northland Securities, Inc. acted as the Placement Agent and will receive fees in an amount equal to 3.5% of the gross transaction amount.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing names Northland Securities as placement agent and gives its fee as 3.5% of the gross transaction amount.
Confirmed in the source:
- Northland Securities, Inc. acted as placement agent for the Series F Offering
- Northland will receive fees equal to 3.5% of the gross transaction amount
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000222/apld-20240829.htm) in full (22,402 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 8-K filed 2024-08-30
Quote: “Northland Securities, Inc. acted as the Placement Agent and will receive fees in an amount equal to 3.5% of the gross transaction amount.”