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): July 2, 2007
__________________________
INTEGRATED HEALTHCARE HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)
__________________________
NEVADA 0-23511 87-0412182
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation or Organization) Identification No.)
1301 NORTH TUSTIN AVENUE
SANTA ANA, CALIFORNIA 92705
(Address of Principal Executive Offices) (Zip Code)
(714) 953-3503
(Registrant's telephone number,
including area code)
(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:
|_| 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))
ITEM 3.02. UNREGISTERED SALES OF EQUITY SECURITIES.
On July 2, 2007, Integrated Healthcare Holdings, Inc. (the "Company")
issued an aggregate of 49,538,286 shares of its common stock upon exercise of
outstanding warrants of the Company. The Company issued 39,789,788 shares of
common stock to Kali P. Chaudhuri, M.D. and 9,748,498 shares of common stock to
William E. Thomas pursuant to the exercise of warrants, dated January 31, 2005,
held by each of them.
Of these shares, an aggregate of 28,746,857 shares of common stock were
issued to Messrs. Chaudhuri and Thomas pursuant to the "net exercise" provisions
of their warrants, effective February 6, 2007. An aggregate of 20,791,429 shares
were issued pursuant to the cash exercise provisions of their warrants effective
July 2, 2007. Payment for the "net exercise" shares consisted of cancellation of
warrants to acquire an aggregate of 283,499 shares of common stock. Payment for
the cash exercise shares consisted of an aggregate of $575,755 in cash received
by the Company from Messrs. Chaudhuri and Thomas.
The above issuances of securities were not registered under the
Securities Act of 1933, as amended (the "Act"). The securities were issued in
private transactions exempt from registration pursuant to Section 4(2) of the
Act and Regulation D promulgated thereunder.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
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EXHIBIT NUMBER DESCRIPTION
99.1 Forms of Warrants, dated January 31, 2005, issued to each of Kali P.
Chaudhuri M.D. and William E. Thomas (incorporated by reference to
Exhibit B-1 and B-2 to Rescission, Restructuring and Assignment
Agreement filed as Exhibit 99.1 to the Form 8-K of the Registrant dated
February 2, 2005).
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: July 9, 2007
INTEGRATED HEALTHCARE HOLDINGS, INC.
By: /s/ Steven Blake
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Steven Blake
Chief Financial Officer
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