Fathom, Neighborhood Intelligence to explore alternative deal replacing prior agreement
FTHM•Fathom Holdings and Neighborhood Intelligence will explore an alternative deal under which NXH would contribute digital assets valued at no less than $130 million and receive new Fathom shares, with NXH expected to retain a controlling interest.
1. Proposed alternative deal
Fathom Holdings and Neighborhood Intelligence will explore an alternative deal to replace their prior merger agreement. NXH would contribute a 38.8% ownership stake in tZERO, Medici assets and a GrainChain investment to Fathom, with the contributed digital assets valued at no less than $130 million.
2. Shares and data agreement
Fathom would issue new shares to NXH, which is expected to maintain a controlling interest. The companies also contemplate a long-term data-sharing and commercial agreement, and intend for NXH to transform the digital assets into trackable equity in a separately traded public company.
