SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported):  July 20, 2005

 

METRO ONE TELECOMMUNICATIONS, INC.

(Exact name of Registrant as specified in its charter)

 

Oregon

 

0-27024

 

93-0995165

(State or other jurisdiction
of incorporation)

 

(Commission File Number)

 

(I.R.S. Employer
Identification No.)

 

 

 

 

 

11220 Murray Scholls Place
Beaverton,  Oregon  97007

(Address of principal executive offices and Zip Code)

 

Registrant’s telephone number, including area code: (503) 643-9500

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 7.01                                             Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On July 20, 2005, Metro One Telecommunications, Inc. (“Metro One”) received a notice from the Nasdaq Stock Market stating that for the last 30 consecutive business days, the bid price of Metro One’s common stock has closed below the minimum $1.00 per share requirement for continued inclusion under Marketplace Rule 4450(a)(5).  Shares of Metro One’s common stock currently trade on The Nasdaq National Market under the symbol “INFO.”

 

Under Marketplace Rule 4450(e)(2), Metro One has 180 calendar days, or until January 17, 2006, to regain compliance by having a closing bid price for its common stock of at least $1.00 per share for a minimum of ten consecutive business days.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated:

July 26, 2005

METRO ONE TELECOMMUNICATIONS, INC.

 

 

 

 

 

By:

/s/ Duane C. Fromhart

 

 

 

Duane C. Fromhart

 

 

Chief Financial Officer

 

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