TripleLite Shark Tank Update

TripleLite Shark Tank Pitch

Ronnie and Nancy Pritchett appeared on Shark Tank Season 16, Episode 8, which aired on January 17, 2025, with A 180-degree flashlight.

TripleLite is listed in the Home category. In plain terms, the business is described as A 180-degree flashlight.

TripleLite asked the Sharks for $400,000 for 10% equity, implying a valuation of about $4 million.

On the show, TripleLite made a listed deal with Mark Cuban and Lori Greiner for $400,000 for 25% equity.

If treated as straight equity, the listed deal works out to about $1.6 million implied valuation, down from the original $4 million implied valuation.

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

TripleLite After Shark Tank

TripleLite accepted an on-air deal for $400,000 for 25% equity. TripleLite remained active after the episode. (TripleLite - Shark Tank Season 16

TripleLite guest shark Daniel Lubetzky asked about the flashlight’s production costs and wholesale and retail prices. (TripleLite - Shark Tank Season 16

TripleLite the product launched in 2014, but Nancy explained that significant sales didn’t begin until 2020. (TripleLite - Shark Tank Season 16

TripleLite further, it seems likely that the deal with Mark and Lori went through, as the flashlights are now sold in ACE Hardware, The Home Depot, WalMart, and other retail stores. (TripleLite - Shark Tank Season 16

TripleLite expanded its patented 180-degree wide-beam flashlight into retail stores, television segments, and online marketplaces. (TripleLite - Shark Tank Season 16

Sources

Sources used for this page: sharktankblog.com