HotShot, a sports drink company, appeared on Shark Tank in January 2015. The company received an offer from Mark Cuban for $500,000 for a 20% stake in the business. However, the deal fell through after due diligence revealed that HotShot had not yet secured a manufacturing deal.
In March 2016, HotShot announced that it had secured $1 million in seed funding from private investors. The company plans to use the funds to launch its product nationwide.