No, Tie-Not is no longer in business. The water balloon tying device, a Shark Tank Season 5 pitch, was ultimately brought down by financial trouble at its licensing partner rather than a failure of the product itself.
What happened after Shark Tank
Tie-Not’s licensing partner, Imperial Toy Company, ran into significant financial difficulties. In February 2020, a motion was filed to convert Tie-Not’s situation into a Chapter 7 bankruptcy as a direct result of that partner’s struggles.
What’s left today
The company’s website no longer exists, and there is no indication of active operations as of 2024. A handful of leftover units are still available through third-party resellers on Amazon and Walmart, but these are not new stock from an operating company. One outlier source claims Tie-Not is still active, but this runs against the weight of available reporting confirming the shutdown.
Frequently asked questions
Why did Tie-Not go out of business?
Its licensing partner, Imperial Toy Company, faced financial difficulties that led to a Chapter 7 bankruptcy motion for Tie-Not in February 2020.
Can you still buy Tie-Not products?
Only secondhand, through third-party resellers on platforms like Amazon and Walmart, not from the company directly.
Does Tie-Not still have a working website?
No, the company website no longer exists.
For more Shark Tank updates, see Talmyn’s Business Case Studies desk.
