Electro Energy Inc (fka EEEI)

[popmenke]

Downriver, the matter has been taken care of:

Form 8-K for ELECTRO ENERGY INC


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10-Jan-2008

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

Item 3.02. Notice of Failure to Satisfy a Continued Listing Rule or Standard
On January 4, 2008, Electro Energy, Inc. (the "Company") received a notice from the NASDAQ Stock Market (the "Letter") stating that the Company has regained compliance, following noncompliance, with the nominating committee and shareholder approval requirements contained in Sections 4350 of the Marketplace Rules and Interpretive Material 4350-2. The Letter stated that both matters have been closed.

The Letter stated that the Company regained compliance with Marketplace Rule 4350(c)(4), which requires Director nominees to be selected, or recommended for the Board's selection, by a nominations committee that is comprised solely of independent directors, on December 10, 2007, when Martin Klein resigned from the nominating committee.

The Letter also stated that the Company regained compliance with Marketplace Rule 4350(i)(1)(D) and Interpretive Material 4350-2, in connection with its recent issuance of $18 Million 10% Convertible Debenture and Warrants (the "Transaction"). The Company regained compliance by amending the Transaction documents on December 14, 2007 whereby the Company would not issue any shares of common stock until the Company obtained shareholder approval of the total potential issuance of common stock in the Transaction. Previously, the Transaction documents had provided for a prohibition of issuances of common stock exceeding 19.8% of the Company's total outstanding number of shares until shareholder approval was obtained.

The Letter is furnished as Exhibit 99.1 to this Form 8-K.


Item 7.01. Regulation FD Disclosure
On January 4, 2008, the Company received a notice from the NASDAQ Stock Market that is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

On January 10, 2008, the Company issued the press release that is furnished as Exhibit 99.2 to this Current Report on Form 8-K.


Item 9.01 Financial Statements and Exhibits
(c) Exhibits.

Exhibit
Number Description


99.1 Notification Issued by the NASDQ Stock Market on January 4, 2008.

99.2 Press Release dated January 10, 2008.


No problemo now.

Good investing!