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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Date of Report (Date of earliest event
reported): February 16, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>CALYPSO WIRELESS, INC.<BR>
</B>(Exact name of registrant as specified in its charter)</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Delaware</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">1-08497</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">13-5671924</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">4801 Woodway Dr., Suite 300E, Houston, TX</P></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">77056</P></TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(Address of principal executive offices)</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(Zip Code)</TD></TR>
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    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Registrant&rsquo;s telephone number, including area code: <U>(305)
        316-7850</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Not Applicable</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(Former name or former address, if changed since last report.)</TD></TR>
<TR>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 33%">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">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
(See General Instruction&nbsp;A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT><FONT STYLE="letter-spacing: -0.1pt">&#9;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT><FONT STYLE="letter-spacing: -0.1pt">&#9;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT><FONT STYLE="letter-spacing: -0.1pt">&#9;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17&nbsp;CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17&nbsp;CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>



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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>ITEM 8.01</B></TD><TD STYLE="text-align: justify"><B>Other Events </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;Calypso Wireless,
Inc. (&ldquo;Calypso&rdquo; or the &ldquo;Company&rdquo;) (CLYW) announces that on February 1, 2012, the Court of Chancery of
the State of Delaware (the &ldquo;Court&rdquo;) held a trial on litigation filed by Mr. David H. Williams against the Company
and Mr. Carlo di Colloredo-Mels pursuant to 8 <I>Del. C. </I>&sect; 225(a) challenging Mr. Williams&rsquo; removal from the board
of directors as part of a Special Shareholders Meeting held on December 15, 2011. The Court (Vice Chancellor J. Travis Laster,
presiding) issued a 16-page written opinion on February 8, 2012, ruling that a receiver would be appointed pursuant to the General
Corporation Law of the State of Delaware to take over the affairs of the Company and to dissolve the Company and wind up its affairs.
The Court ruled that the appointment of the receiver mooted the need to consider whether Mr. Williams was validly removed. The
Court also determined that a separate motion for contempt filed by Mr. Williams related to an alleged violation of the January
3, 2012, Status Quo Order was not supported by the evidence at trial.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Court has appointed Mark J. Gentile, Esq.
of Richards, Layton &amp; Finger, P.A. (Wilmington, Delaware) as the receiver for the Company pursuant to 8 <I>Del. C. </I>&sect;
322. The receiver has been granted broad authority and control over the Company, its operations, and management. Given the concerns
identified by the Court in its February 8 ruling related to trading in the Company&rsquo;s stock and compliance with federal securities
disclosure requirements, the receiver has been given the initial task to determine whether steps should be taken to halt public
trading in Calypso&rsquo;s shares and to consult with appropriate officials at the Securities and Exchange Commission. The receiver
is charged with dissolving Calypso and winding up its affairs, marshalling and selling the Company&rsquo;s assets (including the
&lsquo;923 Patent), discharging Calypso&rsquo;s debts, and distributing any remaining amounts to its stockholders.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On February 10, 2012, the Company filed a motion
for reconsideration, and the Court denied the motion for reconsideration on February 13, 2012. Mr. Gentile accepted his appointment
as receiver on February 13, 2012. Copies of all public filings, the Court&rsquo;s rulings, and the order appointing the receiver
can be obtained from the Court.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: -1in"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

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<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><B></B>CALYPSO WIRELESS, INC.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">DATED: February 16, 2012</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Cristian C. Turrini<BR><FONT STYLE="color: black">Chairman, CEO &amp; President</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt"></P>

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{"company-data": {"conformed-name": "CALYPSO WIRELESS INC", "cik": "0000719729", "assigned-sic": "4813", "irs-number": "135671924", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08497", "film-number": "12620349"}, "business-address": {"street1": "4801 WOODWAY DRIVE", "street2": "SUITE 300E", "city": "HOUSTON", "state": "TX", "zip": "77056", "phone": "713-936-3560"}, "mail-address": {"street1": "4801 WOODWAY DRIVE", "street2": "SUITE 300E", "city": "HOUSTON", "state": "TX", "zip": "77056"}, "former-company": {"former-conformed-name": "KLEER VU INDUSTRIES INC/DE/", "date-changed": "19920703"}}
UNITED STATES
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): February 16, 2012
CALYPSO WIRELESS, INC.
(Exact name of registrant as specified in its charter)
Delaware
1-08497
13-5671924
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
4801 Woodway Dr., Suite 300E, Houston, TX
77056
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(305)
        316-7850
Not Applicable
(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
(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))
ITEM 8.01
Other Events
Calypso Wireless,
Inc. ("Calypso" or the "Company") (CLYW) announces that on February 1, 2012, the Court of Chancery of
the State of Delaware (the "Court") held a trial on litigation filed by Mr. David H. Williams against the Company
and Mr. Carlo di Colloredo-Mels pursuant to 8
Del. C.
§ 225(a) challenging Mr. Williams' removal from the board
of directors as part of a Special Shareholders Meeting held on December 15, 2011. The Court (Vice Chancellor J. Travis Laster,
presiding) issued a 16-page written opinion on February 8, 2012, ruling that a receiver would be appointed pursuant to the General
Corporation Law of the State of Delaware to take over the affairs of the Company and to dissolve the Company and wind up its affairs.
The Court ruled that the appointment of the receiver mooted the need to consider whether Mr. Williams was validly removed. The
Court also determined that a separate motion for contempt filed by Mr. Williams related to an alleged violation of the January
3, 2012, Status Quo Order was not supported by the evidence at trial.
The Court has appointed Mark J. Gentile, Esq.
of Richards, Layton & Finger, P.A. (Wilmington, Delaware) as the receiver for the Company pursuant to 8
Del. C.
§
322. The receiver has been granted broad authority and control over the Company, its operations, and management. Given the concerns
identified by the Court in its February 8 ruling related to trading in the Company's stock and compliance with federal securities
disclosure requirements, the receiver has been given the initial task to determine whether steps should be taken to halt public
trading in Calypso's shares and to consult with appropriate officials at the Securities and Exchange Commission. The receiver
is charged with dissolving Calypso and winding up its affairs, marshalling and selling the Company's assets (including the
'923 Patent), discharging Calypso's debts, and distributing any remaining amounts to its stockholders.
On February 10, 2012, the Company filed a motion
for reconsideration, and the Court denied the motion for reconsideration on February 13, 2012. Mr. Gentile accepted his appointment
as receiver on February 13, 2012. Copies of all public filings, the Court's rulings, and the order appointing the receiver
can be obtained from the Court.
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.
CALYPSO WIRELESS, INC.
DATED: February 16, 2012
By:
/s/
Cristian C. Turrini
Chairman, CEO & President