Vection Technologies Limited (ASX:VR1) executed a binding offer to acquire Monogic Limited for AUD 1.6 million on November 11, 2025. The consideration consists of common equity of Vection Technologies Limited having a value of AUD 0.98 million to be issued for common equity of Monogic Limited. Vection Technologies Limited will also pay an earnout/contingent payment of AUD 0.63 million common equity which will be based on FY2026 revenue and EBITDA milestones. Key management and founders will be retained under new employment and performance-share agreements, ensuring continuity and growth alignment.

The transaction is subject to subject to customary conditions precedent, including satisfactory due diligence, regulatory approvals, and shareholder approvals, finalization of employment agreements for key management, and compliance. The expected completion of the transaction is December 31, 2025.