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Chillwave artist Neon Indian, aka Alan Palomo, has found a new home, FADER Label, Billboard can confirm exclusively.

The eventual home of the artist was the subject of speculation following a series of breakout SXSW performances, with rumors of a bidding war. FADER Label is part of music branding agency Cornerstone and has also released Matt and Kim, Editors and Saul Williams.

The first release under the deal will be a re-release of Neon Indian's debut album, "Psychic Chasms," which will be out today (June 8) digitally in collaboration with Static Tongues, the label started by Palomo. The album was first released on indie label Lefse Records last October.

Neon Indian is currently on a U.S. tour and plays Bonnaroo Music and Arts Festival on June 10.