Members of the wholesale and symbol group will own a 51 per cent share in the merged company and the management will take a 31 per cent stake, according to the new proposals. Icelandic investment bank Kaupthing, which is providing financial backing for the deal, will hold an 18 per cent share.
Under the original plans, management was to own 42 per cent and members 40 per cent.
Due diligence on the deal will be concluded next month, with a final members vote scheduled for September.
A show of hands at the Scottish Nisa Members Association meeting this month revealed 90 per cent were opposed to the original plans for the combined company.
Plans for the merger were first revealed in May this year. The boards of both companies hoped that combining their resources would help their independent retailers and wholesalers take on the big supermarkets.
Nisa-Today's has a membership of about 950, each with an equal share in the business. Convenience store franchise group Costcutter has 1,400 branches across the country.
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