Permaplug Shark Tank Update

Permaplug Shark Tank Pitch

Zak Jones appeared on Shark Tank Season 16, Episode 18, which aired on May 2, 2025, with Charger lock.

Permaplug is listed in the Consumer Products category. In plain terms, the business is described as Charger lock.

Permaplug asked the Sharks for $350,000 for 15% equity, implying a valuation of about $2.3 million.

On the show, Permaplug made a listed deal for $350,000 for 20% equity plus a $1 royalty per unit sold until $350,000 is paid.

If treated as straight equity, the listed deal works out to about $1.8 million implied valuation, down from the original $2.3 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Permaplug After Shark Tank

Permaplug accepted an on-air deal for $350,000 for 20% equity plus a $1 royalty per unit sold until $350,000 is paid. Permaplug remained active after the episode. (Permaplug Charger Lock Shark Tank | Season 16

The estimated net worth of Permaplug is around $1.75 million as of 2025. (Permaplug Charger Lock Shark Tank | Season 16

Further, since appearing on Shark Tank, Permaplug has served over 50,000 customers. (Permaplug Charger Lock Shark Tank | Season 16

Since its Shark Tank appearance, Permaplug has served over 50,000 customers. (Permaplug Charger Lock Shark Tank | Season 16

Permaplug for other company updates from Shark Tank Season 16 Episode 18, look below: Jaju Pierogi Update Fanion Update Rocco Update. (Permaplug Charger Lock Shark Tank | Season 16

Sources

Sources used for this page: sharktankblog.com