Aug 27, 2026 – 12.20pmVection Technologies, a virtual reality software business capitalised at $45 million, is the stock that sparked the corporate regulator’s raid at the Sydney offices of broker Evolution Capital on Wednesday.People briefed on the matter said the Australian Securities and Investments Commission’s investigation centred on trading in Vection, which sells 3D modelling, augmented reality and virtual reality software.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Software player emerges as central to ASIC’s Evolution Capital raid
ASIC officials are also looking at trading in one other ASX-listed stock, in addition to Vection Technologies.
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