UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
(Date of earliest event reported): June 14, 2005SKYWAY COMMUNICATIONS HOLDING CORP.
(Exact name of Registrant as specified in its charter)
Florida000-32033 65-0881662
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation
or organization)
6021 - 142nd Avenue North
Clearwater, Florida33760
(Address of principal executive offices) (Zip code)
(727) 535-8211
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2 below):
|_| Written Communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTSITEM 1.03 BANKRUPTCY; AND REGULATION FD DISCLOSURE 2
SIGNATURES 3
1
ITEM 1.03 BANKRUPTCY; AND REGULATION FD DISCLOSURE
Bankruptcy
On June 14, 2005, SkyWay Communications Holding Corp. (the "Company") filed a
Chapter 11 reorganization case in the United States Bankruptcy Court for the
Middle District of Florida, Tampa Division. The Company will continue to operate
its business as "debtors in possession" under the jurisdiction of the Bankruptcy
Court in accordance with the applicable provisions of the Bankruptcy Code and
orders of the Bankruptcy Court. The Company expects to utilize the bankruptcy
process to implement a restructuring transaction that may or may not include a
sale of certain assets. Accordingly, the Company urges that the appropriate
caution be exercised with respect to existing and future investments in any of
the Company's securities as the value and prospects are highly speculative.
Cautionary Statement:
In addition to the historical information contained in this Current Report,
certain of the information contained in this Current Report should be considered
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, that reflect the Company's current views with
respect to current events and financial performance. Such forward looking
statements are and will be, as the case may be, subject to many risks,
uncertainties and factors relating to the Company's operations and business
environment which may cause the actual results of the Company to be materially
different from any future results, express or implied, by such forward-looking
statements. Factors that could cause actual results to differ materially from
these forward-looking statements include, but are not limited to, the following:
the ability of the Company to continue as a going concern; the ability of the
Company to access working capital, including, but not limited to, the use of
cash collateral or debtor in possession financing; the Company's ability to
obtain Bankruptcy Court approval with respect to motions in the Chapter 11
proceeding prosecuted by it from time to time; the ability of the Company to
develop, prosecute, confirm and consummate one or more transactions for the sale
of the Company's assets or other change of control transactions under a plan or
plans of reorganization with respect to the Chapter 11 case; risks associated
with third parties seeking and obtaining the Bankruptcy Court's approval to
terminate or shorten the exclusivity period for the Company to propose and
confirm one or more plans of reorganization, for the appointment of a Chapter 11
trustee or to convert the case to Chapter 7 case; the ability of the Company to
obtain and maintain normal terms and relationships with vendors, service
providers and employees; the Company's ability to maintain contracts that are
critical to its operations; any adverse impact arising from the delay in filing
required periodic reports; the Company's potential inability to maintain
business relationships with the Company's suppliers; and other risk factors to
be set forth in the Company's Annual Report on Form 10-KSB for the year ended
April 30, 2005, and in the Company's other public filings with the SEC.
The Company assumes no obligation to update any forward-looking statements
contained herein. The Company's expectations and the events, conditions and
circumstances on which these forward-looking statements are based may change.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: June 16, 2005 SKYWAY COMMUNCATIONS HOLDING CORP.
By: /s/ James KentJames Kent
Chief Executive Officer
Dates Referenced Herein and Documents Incorporated by Reference
