 EVmo, Inc OTCMKTS:YAYO, formerly YaYo Inc, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, said it has completed the previously-announced transaction to sell 6 million company shares to Acuitas Group Holdings LLC, making Acuitas the largest and controlling stockholder of EVmo with ownership of more than 10 million company shares. Acuitas Groups sole owner Terren Peizer has become executive chairman of the companys board of directors, which has been expanded from five to seven members, while former board chair Stephen Sanchez will serve as the companys CEO. 