<HTML>
<HEAD>
   <TITLE>arc8k5708.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">



<A name="page_1"></A>

<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</FONT></B></TD></TR></TABLE>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Washington, D.C. 20549</FONT></B></TD></TR></TABLE>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">FORM 8-K</FONT></B><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Current Report</FONT></B></TD></TR></TABLE>
</P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></B><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Date of report (Date of earliest event reported): May 7, 2008</FONT></B></TD></TR></TABLE>
</P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><U><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">ARC Wireless Solutions, Inc.</FONT></U></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Exact name of registrant as specified in its charter)</FONT><BR>
<BR>
<B><U><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Utah</FONT></U></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(State or Other Jurisdiction of Incorporation)</FONT></TD></TR></TABLE>
</P>
<TABLE border=0 align="center" cellspacing=0 cellpadding=0>
<TR>
     <TD width=43%></TD>
     <TD width=56%></TD></TR>
<TR valign="bottom">
  <TD align=center nowrap>
<B><U><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">000-18122</FONT></U></B>&nbsp;
  </TD>
  <TD align=center nowrap>
<B><U><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">87-0454148</FONT></U></B>&nbsp;
  </TD>
</TR>
<TR valign="bottom">
  <TD align=center nowrap>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Commission File Number)</FONT>&nbsp;
  </TD>
  <TD align=center nowrap>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(IRS Employer Identification Number)</FONT>&nbsp;
  </TD>
</TR>
</TABLE><BR>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">10601 West 48th Avenue</FONT></B><BR>
<B><U><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Wheat Ridge, Colorado 80033</FONT></U></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Address of principal executive offices including zip code)</FONT><BR>
<BR>
<B><U><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">(303) 421-4063</FONT></U></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Registrant&#146;s telephone number, including area code)</FONT></TD></TR></TABLE>
</P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><U><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">N/A</FONT></U></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Former address, if changed since last report)</FONT></TD></TR></TABLE>
</P>

<HR noshade align="center" width="100%" size=2 style="page-break-after:always;">



<A name="page_2"></A>
<P align=left><B><U><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 1.01.&nbsp;&nbsp; Entry into a Material Definitive Agreement.</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">On May 7, 2008 the Company renewed its $1.5 million revolving line of credit agreement (the "Credit Facility") with Citywide Banks that was originally entered into on May 10, 2005. The Credit Facility matures on May 1, 2009, is interest bearing at 1.5% over prime, contains covenants to maintain certain financial statement ratios and is collateralized by essentially all of the assets of ARC Wireless Solutions, Inc ("ARC") and its wholly owned subsidiary Starworks Wireless Inc.("Starworks"). The borrowing base will be based on a percentage of trade accounts receivable and inventory for ARC and Starworks combined.</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><B><U><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 9. 01.&nbsp; Financial Statement and Exhibits</FONT></U></B></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 width="97%" border=0>
<TR>
     <TD width="44%"></TD>
     <TD width="55%"></TD></TR>
<TR vAlign=top>
     <TD>
<P><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Exhibit No. 10.01</FONT></P>
</TD>
     <TD>
<P><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Description Loan Agreement</FONT></P>
</TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">SIGNATURE</FONT></TD></TR></TABLE></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">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.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="97%" border=0>
<TR>
     <TD width="34%"></TD>
     <TD width="2%"></TD>
     <TD width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">ARC WIRELESS SOLUTIONS, INC.</FONT>&nbsp; </TD></TR>
<TR>
     <TD colSpan=3>&nbsp; </TD></TR>
<TR>
     <TD colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date: May 8, 2008</FONT>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">By: /s/ Monty R. Lamirato</FONT>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left>&nbsp; </TD>
     <TD>&nbsp; </TD>
     <TD noWrap align=left>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Monty R. Lamirato, Chief Financial Officer</FONT>&nbsp; </TD></TR></TABLE><BR>
<P align=center>2</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" noShade SIZE=2>

</BODY>

</HTML>
[{"type": "8-K", "sequence": "1", "filename": "arc8k5708.htm", "description": "FORM 8-K  (MAY 7, 2008)", "secsgml_size_bytes": 6639}]
{"company-data": {"conformed-name": "ARC WIRELESS SOLUTIONS INC", "cik": "0000826326", "assigned-sic": "4899", "irs-number": "870454148", "state-of-incorporation": "UT", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33400", "film-number": "08814537"}, "business-address": {"street1": "4860 ROBB STREET", "street2": "SUITE 101", "city": "WHEAT RIDGE", "state": "CO", "zip": "80033", "phone": "3034214063"}, "mail-address": {"street1": "4860 ROBB STREET", "street2": "SUITE 101", "city": "WHEAT RIDGE", "state": "CO", "zip": "80033"}, "former-company": [{"former-conformed-name": "ANTENNAS AMERICA INC", "date-changed": "19920703"}, {"former-conformed-name": "WESTFLAG CORP", "date-changed": "19890511"}, {"former-conformed-name": "WESTCLIFF CORP", "date-changed": "19880224"}]}
arc8k5708.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
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): May 7, 2008
ARC Wireless Solutions, Inc.
(Exact name of registrant as specified in its charter)
Utah
(State or Other Jurisdiction of Incorporation)
000-18122
87-0454148
(Commission File Number)
(IRS Employer Identification Number)
10601 West 48th Avenue
Wheat Ridge, Colorado 80033
(Address of principal executive offices including zip code)
(303) 421-4063
(Registrant's telephone number, including area code)
N/A
(Former address, if changed since last report)
Item 1.01.   Entry into a Material Definitive Agreement.
On May 7, 2008 the Company renewed its $1.5 million revolving line of credit agreement (the "Credit Facility") with Citywide Banks that was originally entered into on May 10, 2005. The Credit Facility matures on May 1, 2009, is interest bearing at 1.5% over prime, contains covenants to maintain certain financial statement ratios and is collateralized by essentially all of the assets of ARC Wireless Solutions, Inc ("ARC") and its wholly owned subsidiary Starworks Wireless Inc.("Starworks"). The borrowing base will be based on a percentage of trade accounts receivable and inventory for ARC and Starworks combined.
Item 9. 01.  Financial Statement and Exhibits
Exhibit No. 10.01
Description Loan Agreement
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.
ARC WIRELESS SOLUTIONS, INC.
Date: May 8, 2008
By: /s/ Monty R. Lamirato
Monty R. Lamirato, Chief Financial Officer
2