The company formerly known as Bed Bath & Beyond Inc. intends to leverage “substantially all” of its digital assets, including tZero, Medici-related assets and investments in GrainChain.

Neighborhood Intelligence — formerly known as Bed Bath & Beyond Inc. — is exploring alternatives to its deal with real estate platform Fathom Holdings, which was originally announced in June.

The new deal would leverage “substantially all” of Neighborhood Intelligence’s digital assets, contributing to Fathom nearly 40% direct and indirect ownership interest in tZero Group, its Medici-related fund assets and its direct investment in GrainChain.

The proposed deal, which would replace the merger agreement made in June, attributes at least $130 million in value to those digital assets contributions, the companies said in a joint press release Thursday. It entails newly issued Fathom shares to Neighborhood Intelligence; the share count will be determined as the deal terms are finalized, with Neighborhood Intelligence expecting to maintain a controlling interest in Fathom.

The deal’s value is not derived from Fathom’s current market capitalization, according to Neighborhood Intelligence Executive Chairman and CEO Marcus Lemonis, noting that Fathom’s share price is lower than it was when the deal was originally announced three months ago.

However, “we believe its brokerage and title businesses have made meaningful progress during that same period,” he said in a statement. “The proposed structure is intended to recognize both that progress and the value we believe exists in the digital asset portfolio Neighborhood would contribute.”

The newly proposed deal also allows Fathom to pursue relevant acquisitions that would strengthen its operating business.

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