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) DECEMBER 18, 1997
INDUSTRIAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
TEXAS 1-9580 76-0289495
(State of other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
7135 ARDMORE HOUSTON, TEXAS 77054
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 747-1025
(Former name or former address, if changed since last report.)
1
<PAGE>
ITEM 5. OTHER EVENTS.
On December 18, 1997, Industrial Holdings, Inc. commenced an
offering to the holders (the "Warrantholders") of its Class B Redeemable Common
Stock Purchase Warrants ("Class B Warrants") whereby for each Class B Warrant
tendered plus $10.00, the Warrantholder will receive one share of Common Stock,
one Class C Warrant exercisable at $15.00 per share and one Class D Warrant
exercisable at $22.50 per share. The Offer unless extended by the Company, will
end at 5:00 p.m. New York City time January 19, 1998.
At December 18, 1997, there were 1,254,414 Class B Warrants issued
and outstanding.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed in its behalf by
the undersigned hereunto duly authorized.
INDUSTRIAL HOLDINGS, INC.
By:/s/CHRISTINE A. SMITH
CHIEF FINANCIAL OFFICER
Date: December 19, 1997
2
