NorthWest Biotherapeutics Inc (NWBO)

[martyDg]

Nasdaq Uplisting Requirements
1,250,000 publicly traded shares outstanding on the listing, without including shares held by the directors or officers of the company
Company’s stock listed at a price of at least $4.00 a share
At least 100 shares and 550 shareholders
Cash flow of at least $27.5 million in the last three fiscal years
Aggregate pre-tax earnings in the prior three years of at least $11 million or pre-tax earnings in the previous two years of at least $2.2 million

I don't think NWBO need institutions to get to a higher exchange. The only NWBO needs is to satisfy the $4 a share for months from the time of application until uplisting. Maybe, you meant they need institutions to bump the price to $4 level but if NWBO managed to up the price up without the help of institutions they can still uplist.