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): January 20, 2006


                            US GLOBAL NANOSPACE, INC.
             (Exact name of registrant as specified in its charter)


          Delaware                      000 - 23339               13-3720542
(State or other jurisdiction            (Commission             (IRS Employer
       of incorporation)                File Number)         Identification No.)


        2533 North Carson Street, Suite 5107                       89706
                 Carson City, Nevada
       (Address of principal executive offices)                  (Zip Code)

        Registrant's telephone number, including area code (775) 841-3246

--------------------------------------------------------------------------------
         (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))


<PAGE>

      This Form 8-K and other  reports filed by US Global  Nanospace,  Inc. (the
"Registrant")  from time to time with the  Securities  and  Exchange  Commission
(collectively the "Filings")  contain forward looking statements and information
that are based upon  beliefs of, and  information  currently  available  to, the
Registrant's  management  as  well  as  estimates  and  assumptions  made by the
Registrant's  management.  When  used in the  Filings  the  words  "anticipate",
"believe",  "estimate",  "expect", "future", "intend", "plan" or the negative of
these terms and similar  expressions  as they  relate to the  Registrant  or the
Registrant's  management  identify forward looking  statements.  Such statements
reflect the current view of the Registrant with respect to future events and are
subject to risks,  uncertainties,  assumptions and other factors relating to the
Registrant's  industry,  operations and results of operations and any businesses
that may be  acquired  by the  Registrant.  Should one or more of these risks or
uncertainties materialize, or should the underlying assumptions prove incorrect,
actual  results  may  differ  significantly  from those  anticipated,  believed,
estimated, expected, intended or planned.

ITEM 8.01 OTHER EVENTS.

      On  January  20,  2006,  the  staff of the U.S.  Securities  and  Exchange
Commission (the "SEC") re-issued a Wells Notice to each of the Registrant, Julie
Seaman,  who is one of our  current  directors,  and John  Robinson,  who is our
former Chairman and Chief Executive  Officer,  in connection with the previously
announced SEC inquiry of the Registrant. The re-issued Wells Notices against the
Registrant and Mr. Robinson  allege the same violations of U.S.  securities laws
as those violations that the SEC alleged in its prior Wells Notices against them
on January 3, 2005. The January 20, 2006 Wells Notice against Ms. Seaman alleges
substantially fewer violations than the Wells Notice issued to her on January 3,
2005. The Registrant  sought an explanation from the SEC staff as to the meaning
of the re-issued  Wells  Notices.  The SEC staff orally  informed the Registrant
that they  re-issued  the Wells  Notices  because of the amount of time that had
passed since they issued the initial Wells Notices.  Under the SEC's procedures,
the  Registrant  can  avail  itself  of the  opportunity  to  make a new  "Wells
Submission" and respond to the SEC staff before it makes a formal recommendation
to  the  SEC  regarding  whether  any  action  should  be  brought  against  the
Registrant.  The  Registrant  has  not  determined  whether  it  will  make  any
additional Wells Submission, as the Registrant believes it has already set forth
its defenses in reasonable detail in prior Wells Submissions.



                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                        US GLOBAL NANOSPACE, INC.
                                               (Registrant)

Date: January 26, 2006
                                          /s/ Carl Gruenler
                                          --------------------------------------
                                          Carl Gruenler, Chief Executive Officer
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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): January 20, 2006

                            US GLOBAL NANOSPACE, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                      000 - 23339               13-3720542
(State or other jurisdiction            (Commission             (IRS Employer
       of incorporation)                File Number)         Identification No.)

        2533 North Carson Street, Suite 5107                       89706
                 Carson City, Nevada
       (Address of principal executive offices)                  (Zip Code)

        Registrant's telephone number, including area code (775) 841-3246

--------------------------------------------------------------------------------
         (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))
This Form 8-K and other  reports filed by US Global  Nanospace,  Inc. (the
"Registrant")  from time to time with the  Securities  and  Exchange  Commission
(collectively the "Filings")  contain forward looking statements and information
that are based upon  beliefs of, and  information  currently  available  to, the
Registrant's  management  as  well  as  estimates  and  assumptions  made by the
Registrant's  management.  When  used in the  Filings  the  words  "anticipate",
"believe",  "estimate",  "expect", "future", "intend", "plan" or the negative of
these terms and similar  expressions  as they  relate to the  Registrant  or the
Registrant's  management  identify forward looking  statements.  Such statements
reflect the current view of the Registrant with respect to future events and are
subject to risks,  uncertainties,  assumptions and other factors relating to the
Registrant's  industry,  operations and results of operations and any businesses
that may be  acquired  by the  Registrant.  Should one or more of these risks or
uncertainties materialize, or should the underlying assumptions prove incorrect,
actual  results  may  differ  significantly  from those  anticipated,  believed,
estimated, expected, intended or planned.

ITEM 8.01 OTHER EVENTS.

      On  January  20,  2006,  the  staff of the U.S.  Securities  and  Exchange
Commission (the "SEC") re-issued a Wells Notice to each of the Registrant, Julie
Seaman,  who is one of our  current  directors,  and John  Robinson,  who is our
former Chairman and Chief Executive  Officer,  in connection with the previously
announced SEC inquiry of the Registrant. The re-issued Wells Notices against the
Registrant and Mr. Robinson  allege the same violations of U.S.  securities laws
as those violations that the SEC alleged in its prior Wells Notices against them
on January 3, 2005. The January 20, 2006 Wells Notice against Ms. Seaman alleges
substantially fewer violations than the Wells Notice issued to her on January 3,
2005. The Registrant  sought an explanation from the SEC staff as to the meaning
of the re-issued  Wells  Notices.  The SEC staff orally  informed the Registrant
that they  re-issued  the Wells  Notices  because of the amount of time that had
passed since they issued the initial Wells Notices.  Under the SEC's procedures,
the  Registrant  can  avail  itself  of the  opportunity  to  make a new  "Wells
Submission" and respond to the SEC staff before it makes a formal recommendation
to  the  SEC  regarding  whether  any  action  should  be  brought  against  the
Registrant.  The  Registrant  has  not  determined  whether  it  will  make  any
additional Wells Submission, as the Registrant believes it has already set forth
its defenses in reasonable detail in prior Wells Submissions.

                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                        US GLOBAL NANOSPACE, INC.
                                               (Registrant)

Date: January 26, 2006
                                          /s/ Carl Gruenler
                                          --------------------------------------
                                          Carl Gruenler, Chief Executive Officer