Stratos Renewables Corporation filed an Amended and Restated Certificate of Designation, Powers, Preferences and Rights of Series A Preferred Stock of Stratos Renewables Corporation. The effect of this Certificate of Amendment was to remove certain protective voting provisions existing in favor of the Series A Preferred Stockholders which would give the Series A Preferred Stockholders control over certain strategic transactions and to lower the price at which antidilution adjustments would apply to the Series A Preferred Stock so that the Series A antidilution adjustments become aligned with those provided in the Agreement. The Amended and Restated Certificate contains other provisions, is filed as an exhibit to this report and should be referred to in its entirety for a complete description thereof.

Stratos Renewables Corporation announced earnings results for the first quarter ended March 31, 2009. For the quarter, the company showed a net income of $0.32 million. In contrast, the company posted a net loss of $4.02 million for the same quarter in the previous year; and a $11.23 million accumulated net loss since inception on Feb. 27, 2007.

On 05/18/2009, Stratos Renewables Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.