Rideshare Rental, Inc. (OTCMKTS:YAYO) CEO Ramy El-Batrawi tells Proactive he has entered into an agreement with Acuitas Group Holdings to sell 6 million shares of stock, which, will result in Acuitas becoming the company’s controlling stockholder, among management changes.
El-Batrawi says Terren Peizer, sole owner of Acuitas Group Holdings, LLC, will be appointed Executive Chairman of the Board of Directors, while Board Chairman Stephen Sanchez will become the company's new CEO. El-Batrawi says up-listing to the Nasdaq will be the company's next priority.