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Filed pursuant to Rule 424(b)(3)
Registration Statement No.333-51909
SUPPLEMENT TO PROSPECTUS DATED MAY 6, 1998
HELM CAPITAL GROUP, INC.
5,409,580 Shares of Common Stock
This Prospectus relates to the offer and sale of 5,409,580 shares of common
stock of Helm Capital Group, Inc. (the "Company"), $.01 par value per share (the
"Common Stock") by the Company and for the account of the Selling Stockholders
named therein, including 650,000 shares of Common Stock (the "Mezzanine
Financial Notes, Series A Conversion Shares") reserved for issuance upon
conversion of $812,500 principal amount of 9 1/2% Senior Convertible Notes,
Series A (the "Mezzanine Notes"), of Mezzanine Financial Corp., a wholly owned
subsidiary of the Company, at a conversion price of $1.25 per share. The purpose
of this Supplement is to note that the conversion price of the Mezzanine Notes
has been reduced from $1.25 to $1.00 per share until September 30, 1998.
The date of this Prospectus Supplement is June 3, 1998.
