NCM: Served as Sole Placement Agent for Applied Digital Corporation’s $150.0M Convertible Preferred Equity Facility May 1, 2025 Northland Capital Markets served as Sole Placement Agent for Applied Digital Corporation’s $150.0 Million Convertible Preferred Equity Facility. Northland Capital Markets’ Investment Banking group serves corporate clients by providing the financing services they need, with the experience and commitment to get the results they seek.