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RideShare Rental Inc moving headquarters from Hollywood to larger facility in Beverly Hills, California
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Rideshare Rental moves HQ to larger facility in Beverly Hills to help facilitate growth strategy
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RideShare Rental, Inc, formerly YayYo, Inc, announces that its CEO has increased his common stock position in YAYO by 5,000,000 shares
BEVERLY HILLS, Calif., Jan. 13, 2021 RideShare Rental, Inc., formerly YayYo, Inc (“RSR” or the “Company”) (
Other OTC:YAYO), which, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, is a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced that its Chief Executive Officer, Ramy El-Batrawi, has increased his ownership position in YAYO common stock by five million (5,000,000) shares. Mr. El-Batrawi received these shares through an exchange transaction (valued at $3 a share for a total of $15,000,000) with RSR’s largest stockholder, the Gray Mars Venus Trust, Arizona 2015 (the “Trust”). The shares will be held as an asset of X, LLC, a Delaware limited liability company, of which Mr. El-Batrawi is managing member and Mr.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
John Gray, principal of one of the largest shareholders of Rideshare Rental, Inc. (formerly .
RideShare Rental, Inc.January 12, 2021 GMT
BEVERLY HILLS, Calif., Jan. 12, 2021 (GLOBE NEWSWIRE) Rideshare Rental, Inc., formerly YayYo, Inc. (“RSR” or the “Company”) ( Other OTC:YAYO ), which, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, is a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced that John Gray, the principal of one of the Company’s largest shareholders, the Gray Mars Venus Trust, Arizona 2015, has agreed to extend a loan to the Company in the amount of $500,000, in return for which he will receive a convertible note issued by RSR (the “Note”). The Note will mature after twelve (12) months and the loan will bear interest at a fixed rate of six percent (6%). If the debt represented by the Note i