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:
October
11, 2006
MOBILEPRO
CORP.
(Exact
Name of Registrant as Specified in Charter)
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Delaware
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000-51010
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87-0419571
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(State
of Incorporation)
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(Commission
File Number )
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(IRS
Employer Identification
No.)
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6701
Democracy Blvd., Suite 202
Bethesda,
MD 20817
(Address
of principal executive offices) (Zip Code)
(301)
315-9040
(Registrant's
telephone number)
Check
the
appropriate box below if the Form 8-K is intended to simultaneously satisfy
the
filing obligation of the registrant under any of the following provisions
(see
General
Instruction A.2 below):
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
8.01. Other Events.
The
Registrant (“Mobilepro”) filed yesterday amendments to both its Form 10-KSB for
its fiscal year ended March 31, 2006 and to its Form 10-Q for the quarter ended
June 30, 2006 in response to a recent comment letter from the SEC. Mobilepro
reclassified certain amounts within its prior-year Statements of Cash Flows
with
respect to transactions involving the $100 million Standby Equity Distribution
Agreement with Cornell Capital Partners, LP. (the “SEDA”). The reclassifications
present the retirements of notes payable to Cornell Capital and the receipt
of
proceeds drawn by Mobilepro under the SEDA as separate transactions. The
reclassifications did not result in any change to the revenues, expenses, loss
per share, assets, liabilities, equity, shares outstanding or other items on
Mobilepro’s prior year balance sheets or income statements, or to the total cash
flows in any of the prior periods.
The
above
description of the reclassifications is only a summary and is qualified in
its
entirety by reference to the amended Form 10-KSB for the fiscal year ended
March
31, 2006 and to the amended Form 10-Q for the quarter ended June 30, 2006 which
are incorporated by reference into this Current Report on Form 8-K.
SIGNATURES
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 thereunto
duly authorized.
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By:
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/s/
Jay O.
Wright |
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Jay O. Wright
Chief
Executive Officer
MOBILEPRO
CORP
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Date:
October 12, 2006