UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

         Date of Report (Date of earliest event reported): July 29, 2003

--------------------------------------------------------------------------------


                          WAVERIDER COMMUNICATIONS INC.
--------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)


                                     NEVADA
--------------------------------------------------------------------------------
         (State or other jurisdiction of incorporation or organization)



            0-25680                                 33-0264030
--------------------------------------------------------------------------------
   (Commission File Number)           (I.R.S. Employer Identification Number)



         255 Consumers Road, Suite 500, Toronto, Ontario, Canada M2J 1R4
--------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)



                                 (416) 502-3200
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)



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




<PAGE>


Item 9:  Regulation FD Disclosure

This document contains forward-looking statements that involve risks and
uncertainties, including the risks associated with the effect of changing
economic conditions, trends in the development of the Internet as a commercial
medium, market acceptance risks, technological development risks, seasonality
and other risk factors detailed in our filings with the Securities and Exchange
Commission.

A number of shareholders have contacted us questioning one of our proposals in
our proxy statement for the 2003 Annual Meeting of shareholders regarding the
reverse stock split. Comments have run the full gamut from unconditional support
to absolute rejection.

Our Board of Directors and management have fully considered this proposal and
are only asking for the approval of our shareholders to ensure that we have the
means to maximize shareholder values, as we continue our progress and the
markets start to recover.

We acknowledge that giving our Board of Directors this authority entails risk.
Historically, the market has viewed a reverse stock split as a negative signal
from a company - an indication of lack of faith in the company's ability to grow
and achieve a desired stock price and market capitalization. As a result,
reverse stock splits have often led to reductions in stock prices and overall
market values. At a time when, generally, stock prices have declined for the
past three years, and our stock price has been no exception, we can appreciate
that even the suggestion of the possibility of WaveRider considering such a step
is cause for concern and questioning.

In addition to the discussion in our proxy statement, to understand why we are
making this request, we ask that you consider the following general industry
conditions:

1)       Over the past year we have taken a number of  significant  steps to put
         our finances and operations in order.

         a)       Revenue  and  unit  sales  continue  to grow  at  double-digit
                  levels,  on a year on year  basis,  and have  done so for four
                  consecutive quarters.

         b)       Product margins continue to grow rapidly,  both on an absolute
                  basis and as a percent  of  revenue,  thus  providing  us with
                  pricing flexibility going forward.

         c)       Our  expenses  remain  tightly  controlled  bringing us within
                  reach of profitability.

         d)       Cash  consumption  has declined to under  $100,000 per quarter
                  and, with the completion of our recently announced acquisition
                  and financing,  we have the financial  wherewithal to fund our
                  current operations for the foreseeable future. The requirement
                  for a going  concern  qualification  will be  removed  for the
                  first time in over a year from our  financial  statements  for
                  the quarter ended June 30, 2003.

2)       Over the past  number of months,  we have seen a  strengthening  in the
         market in  general  and,  specifically,  within  the  wireless  sector.
         Companies  in our sector  have seen stock  appreciation  of 100% - 200%
         over this time frame.  Our stock price has matched  and, in many cases,
         exceeded these growth numbers.

3)       The ongoing  weakness in the capital  markets has pushed a large number
         of companies  to, and  sometimes  over,  the edge in terms of financial
         resources,  manpower and management capability. Many of these companies
         retain significant  assets either in the form of intellectual  property
         and/or  financial  resources  but  do  not  have  the  capabilities  to
         effectively  proceed.  As such,  the pace of mergers  and  acquisitions
         appears to be  accelerating,  as the survivors pick up technologies and
         capabilities for a fraction of their original cost.

We believe that these factors put us in a strong position to enter into
advantageous transactions, which we expect will consist of acquisitions of
technology, but may include financings, joint ventures or other business
combinations and transactions. However, our low stock price, large number of
shares outstanding and the fact we are not traded on a recognized market may put
us at a disadvantage. We believe that these factors mean that we are often not
even considered by potential partners, since we cannot attract the institutional
investors who are often the current or future backers of these types of deals.
<PAGE>

It is in this context that, through the proxy materials mailed to our
stockholders on or about July 28, 2003, we are asking our shareholders to
provide us with the ability to overcome these objections, opening the door to
potential deals. We are not asking our shareholders to approve a reverse split
at this time - only to authorize our Board of Directors to affect one, if our
Board of Directors believes the situation warrants it. With this discretion we
can show potential partners that we have the ability to affect a reverse stock
split and presumably raise our stock price, qualify for an established market
and be a company that institutional investors can invest in. It gives us the
ability to get to the table.

Over the next year, on the other hand, we may not find a transaction that is
sufficiently beneficial for our shareholders to warrant the use of this tool. As
such, we are also asking our shareholders to give our Board of Directors the
authority not to affect a reverse stock split. We may find that our best results
are through the continued growth and refinement of our current business plan or
through small transactions that would not provide the financial impetus to
warrant a reverse stock split. If this is the case then the authority will
lapse.

In summary, our Board of Directors and all of our staff continue to be highly
focused on increasing shareholder value and continuing our long-term success.

                                   Signatures:

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this current report on Form 8-K to be signed on
its behalf by the undersigned thereunto duly authorized.

Dated:  July 29, 2003

                                     WAVERIDER COMMUNICATIONS INC.

                                     By: /s/ Bruce Sinclair
                                         ---------------------------------------
                                         Bruce Sinclair, Chief Executive Officer
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UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

         Date of Report (Date of earliest event reported): July 29, 2003

--------------------------------------------------------------------------------

                          WAVERIDER COMMUNICATIONS INC.
--------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

                                     NEVADA
--------------------------------------------------------------------------------
         (State or other jurisdiction of incorporation or organization)

            0-25680                                 33-0264030
--------------------------------------------------------------------------------
   (Commission File Number)           (I.R.S. Employer Identification Number)

         255 Consumers Road, Suite 500, Toronto, Ontario, Canada M2J 1R4
--------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (416) 502-3200
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)
Item 9:  Regulation FD Disclosure

This document contains forward-looking statements that involve risks and
uncertainties, including the risks associated with the effect of changing
economic conditions, trends in the development of the Internet as a commercial
medium, market acceptance risks, technological development risks, seasonality
and other risk factors detailed in our filings with the Securities and Exchange
Commission.

A number of shareholders have contacted us questioning one of our proposals in
our proxy statement for the 2003 Annual Meeting of shareholders regarding the
reverse stock split. Comments have run the full gamut from unconditional support
to absolute rejection.

Our Board of Directors and management have fully considered this proposal and
are only asking for the approval of our shareholders to ensure that we have the
means to maximize shareholder values, as we continue our progress and the
markets start to recover.

We acknowledge that giving our Board of Directors this authority entails risk.
Historically, the market has viewed a reverse stock split as a negative signal
from a company - an indication of lack of faith in the company's ability to grow
and achieve a desired stock price and market capitalization. As a result,
reverse stock splits have often led to reductions in stock prices and overall
market values. At a time when, generally, stock prices have declined for the
past three years, and our stock price has been no exception, we can appreciate
that even the suggestion of the possibility of WaveRider considering such a step
is cause for concern and questioning.

In addition to the discussion in our proxy statement, to understand why we are
making this request, we ask that you consider the following general industry
conditions:

1)       Over the past year we have taken a number of  significant  steps to put
         our finances and operations in order.

         a)       Revenue  and  unit  sales  continue  to grow  at  double-digit
                  levels,  on a year on year  basis,  and have  done so for four
                  consecutive quarters.

         b)       Product margins continue to grow rapidly,  both on an absolute
                  basis and as a percent  of  revenue,  thus  providing  us with
                  pricing flexibility going forward.

         c)       Our  expenses  remain  tightly  controlled  bringing us within
                  reach of profitability.

         d)       Cash  consumption  has declined to under  $100,000 per quarter
                  and, with the completion of our recently announced acquisition
                  and financing,  we have the financial  wherewithal to fund our
                  current operations for the foreseeable future. The requirement
                  for a going  concern  qualification  will be  removed  for the
                  first time in over a year from our  financial  statements  for
                  the quarter ended June 30, 2003.

2)       Over the past  number of months,  we have seen a  strengthening  in the
         market in  general  and,  specifically,  within  the  wireless  sector.
         Companies  in our sector  have seen stock  appreciation  of 100% - 200%
         over this time frame.  Our stock price has matched  and, in many cases,
         exceeded these growth numbers.

3)       The ongoing  weakness in the capital  markets has pushed a large number
         of companies  to, and  sometimes  over,  the edge in terms of financial
         resources,  manpower and management capability. Many of these companies
         retain significant  assets either in the form of intellectual  property
         and/or  financial  resources  but  do  not  have  the  capabilities  to
         effectively  proceed.  As such,  the pace of mergers  and  acquisitions
         appears to be  accelerating,  as the survivors pick up technologies and
         capabilities for a fraction of their original cost.

We believe that these factors put us in a strong position to enter into
advantageous transactions, which we expect will consist of acquisitions of
technology, but may include financings, joint ventures or other business
combinations and transactions. However, our low stock price, large number of
shares outstanding and the fact we are not traded on a recognized market may put
us at a disadvantage. We believe that these factors mean that we are often not
even considered by potential partners, since we cannot attract the institutional
investors who are often the current or future backers of these types of deals.
It is in this context that, through the proxy materials mailed to our
stockholders on or about July 28, 2003, we are asking our shareholders to
provide us with the ability to overcome these objections, opening the door to
potential deals. We are not asking our shareholders to approve a reverse split
at this time - only to authorize our Board of Directors to affect one, if our
Board of Directors believes the situation warrants it. With this discretion we
can show potential partners that we have the ability to affect a reverse stock
split and presumably raise our stock price, qualify for an established market
and be a company that institutional investors can invest in. It gives us the
ability to get to the table.

Over the next year, on the other hand, we may not find a transaction that is
sufficiently beneficial for our shareholders to warrant the use of this tool. As
such, we are also asking our shareholders to give our Board of Directors the
authority not to affect a reverse stock split. We may find that our best results
are through the continued growth and refinement of our current business plan or
through small transactions that would not provide the financial impetus to
warrant a reverse stock split. If this is the case then the authority will
lapse.

In summary, our Board of Directors and all of our staff continue to be highly
focused on increasing shareholder value and continuing our long-term success.

                                   Signatures:

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this current report on Form 8-K to be signed on
its behalf by the undersigned thereunto duly authorized.

Dated:  July 29, 2003

                                     WAVERIDER COMMUNICATIONS INC.

                                     By: /s/ Bruce Sinclair
                                         ---------------------------------------
                                         Bruce Sinclair, Chief Executive Officer