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  <TITLE> Wave Wireless Corporation (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	April 27, 2006
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  	Wave Wireless Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-25356
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  	77-0289371
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	255 Consumers Road, Suite 500, Toronto, Ontario
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  	M2J 1R4
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	416-502-3200
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 3.02 Unregistered Sales of Equity Securities.
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  1) New Issuances<br><br>On April 27, 2006, Wave Wireless Corporation (the "Registrant") closed the sale of 90.533 shares of its Series J Convertible Preferred Stock (the "Series J Preferred Stock").  On that date, the Registrant received gross proceeds of Six Hundred and Seventy-Nine Thousand Dollars ($679,000) from accredited investors. The net proceeds to the Registrant were Six Hundred and Eleven Thousand One Hundred Dollars ($611,100) after the payment of a 10% placement fee to the placement agent. Pursuant to the terms of the transaction, the investors also received 2,716,000 Series J Warrants to purchase the Company's common stock. The Series J Warrants have an exercise price of $0.12 per share of common stock and expire five years from the date of issuance.<br><br>The sales of securities described above have not been registered under the Securities Act of 1933, as amended (the "Securities Act") and were made in reliance upon the exemption from registration available under Regulation D promulgated under the Securities Act. This exemption was claimed on the basis that the transactions did not involve any public offering and the purchasers provided written assurances that they were accredited investors (as defined in Rule 501(a) of the Securities Act). The securities were, or shall be, issued with the appropriate restrictive legend indicating that they may not be offered or sold absent registration or an applicable exemption from registration requirements. <br>
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  	SIGNATURES
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  	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.
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  	Wave Wireless Corporation
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  	&nbsp;&nbsp;
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  <I>
  	May 3, 2006
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  	By:
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  <I>
  	T. Scott Worthington
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  	Name: T. Scott Worthington
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  	Title: Chief Financial Officer/Secretary
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_12138.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9733}]
metadata_filer: {"company-data": {"conformed-name": "WAVE WIRELESS CORP", "cik": "0000935493", "assigned-sic": "3663", "irs-number": "770289371", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25356", "film-number": "06804683"}, "business-address": {"street1": "1996 LUNDY AVENUE", "street2": "FORMERLY P-COM INC.", "city": "SAN JOSE", "state": "CA", "zip": "95131", "phone": "408.943.4200"}, "mail-address": {"street1": "1996 LUNDY AVENUE", "city": "SAN JOSE", "state": "CA", "zip": "95131"}, "former-company": {"former-conformed-name": "P COM INC", "date-changed": "19980109"}}
text: Wave Wireless Corporation (Form: 8-K)
  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):
  April 27, 2006
  Wave Wireless Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-25356
  77-0289371
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  255 Consumers Road, Suite 500, Toronto, Ontario
  M2J 1R4
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  416-502-3200
  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:
  [  ]  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))
  Top of the Form
  Item 3.02 Unregistered Sales of Equity Securities.
  1) New Issuances
  On April 27, 2006, Wave Wireless Corporation (the "Registrant") closed the sale of 90.533 shares of its Series J Convertible Preferred Stock (the "Series J Preferred Stock").  On that date, the Registrant received gross proceeds of Six Hundred and Seventy-Nine Thousand Dollars ($679,000) from accredited investors. The net proceeds to the Registrant were Six Hundred and Eleven Thousand One Hundred Dollars ($611,100) after the payment of a 10% placement fee to the placement agent. Pursuant to the terms of the transaction, the investors also received 2,716,000 Series J Warrants to purchase the Company's common stock. The Series J Warrants have an exercise price of $0.12 per share of common stock and expire five years from the date of issuance.
  The sales of securities described above have not been registered under the Securities Act of 1933, as amended (the "Securities Act") and were made in reliance upon the exemption from registration available under Regulation D promulgated under the Securities Act. This exemption was claimed on the basis that the transactions did not involve any public offering and the purchasers provided written assurances that they were accredited investors (as defined in Rule 501(a) of the Securities Act). The securities were, or shall be, issued with the appropriate restrictive legend indicating that they may not be offered or sold absent registration or an applicable exemption from registration requirements.
  Top of the Form
  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 hereunto duly authorized.
  Wave Wireless Corporation
  May 3, 2006
  By:
  T. Scott Worthington
  Name: T. Scott Worthington
  Title: Chief Financial Officer/Secretary