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How I Quietly Secured the Perfect Domain Name — Without Overpaying

How I Quietly Secured the Perfect Domain Name — Without Overpaying

Entrepreneur3 days ago
I've learned that buying the right domain quietly can save money and protect your strategy. Here's what stealth acquisition looks like in practice.
Opinions expressed by Entrepreneur contributors are their own.
When I set out to build my company, I knew that acquiring the right domain name wasn't just a detail — it was foundational. A domain signals professionalism, sets the tone for your brand, and can shape first impressions. But I quickly learned a hard truth: openly chasing a premium domain is risky. The smarter move? A stealth acquisition strategy — one that protected my positioning, saved me money, and helped me land the perfect name.
Why transparency can backfire
I've seen it happen more than once: A founder reaches out directly to a domain owner and explains they're launching a new product. The seller does a quick Google search, spots big-name investors or a fast-growing company — and suddenly, the asking price triples. Once the seller knows who's behind the inquiry, everything changes. That's where stealth strategy comes in. It keeps the negotiation focused on the domain's value — not on your perceived ability to pay.
Avoiding launch-day regret
Too many founders wait until launch day to secure their domain. By that point, they've built a brand around a name they're emotionally attached to — only to find out the .com is taken or priced outrageously. I made a conscious choice to lock in the domain early, before any public development began. That gave me the freedom to walk away, negotiate confidently, or pivot if needed. It was about having control, not scrambling at the last minute.
Related: 5 Unforgettable Lessons I Learned Spending $1 Million on a Domain Name
Working with a broker made all the difference
I didn't go it alone. I partnered with a domain broker who kept my identity confidential and managed the process end to end. What impressed me most was their understanding of the psychology behind negotiations — they didn't just pass messages back and forth. They kept the conversation grounded, even when tensions rose, and ensured the deal stayed on track.
Without that structure, I might've overpaid, or walked away too early.
Don't get trigger-happy
I didn't chase the flashiest or most keyword-rich domain. I chose the one that fit my brand voice — something memorable, aligned, and meaningful. While SEO mattered, brand clarity mattered more. There's a difference between a good domain and the right domain. That was a lesson I had to learn the hard way.
Protect the process — then go public
Once we agreed on a price, the transaction was handled through escrow, the domain was transferred, and everything was locked in without a hitch. Only then did I begin building the public-facing brand. I didn't want to tip my hand to competitors, curious investors, or anyone else until the name was secured.
Related: The Best Domains Are Gone — But Here's How Savvy Founders Still Snag Them
Have a plan — and stay quiet
Acquiring a great domain doesn't start with a budget. It starts with a plan. Stirring up attention too soon can cost you. But when you move quietly, think strategically, and work with the right partners, you stay in control.
That's the lesson I learned. That's how I secured the name I wanted — without anyone knowing I was behind the deal.
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ImmunityBio, Inc. Announces Execution of $80 Million Equity Financing from Multiple Institutional Investors

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ImmunityBio, Inc. Announces Execution of $80 Million Equity Financing from Multiple Institutional Investors

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Additional information may be found at Forward Looking Statements Statements in this press release that are not historical fact and use predictive words such as 'estimates', 'outlook', 'guidance', 'expect', 'believe', 'intend', 'designed', 'target', 'plans', 'may', 'will', 'are confident' and similar words are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). These forward-looking statements and related assumptions involve risks and uncertainties that could cause actual results and outcomes to differ materially from any forward-looking statements or views expressed in this press release. These risks and uncertainties include, but are not limited to, those disclosed in Part II, Item 1A. 'Risk Factors' of the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 28, 2025 and Part I, Item 1A. 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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (dollars in thousands, except per share data) (unaudited) Fiscal Quarter Ended Two Fiscal Quarters Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Net sales $ 585,313 $ 564,434 $ 1,215,139 $ 1,225,926 Cost of goods sold 303,553 281,497 642,289 627,799 Gross profit 281,760 282,937 572,850 598,127 Royalty income, net 3,249 4,004 8,580 9,220 Selling, general, and administrative expenses 280,965 247,489 551,284 512,859 Operating income 4,044 39,452 30,146 94,488 Interest expense 7,857 7,870 15,676 15,775 Interest income (4,292 ) (3,186 ) (7,434 ) (6,274 ) Other (income) expense, net (1,224 ) 404 (1,148 ) 678 Income before income taxes 1,703 34,364 23,052 84,309 Income tax provision 1,257 6,725 7,067 18,637 Net income $ 446 $ 27,639 $ 15,985 $ 65,672 Basic net income per common share $ 0.01 $ 0.76 $ 0.43 $ 1.80 Diluted net income per common share $ 0.01 $ 0.76 $ 0.43 $ 1.80 Dividend declared and paid per common share $ 0.25 $ 0.80 $ 1.05 $ 1.60 Expand CARTER'S, INC. BUSINESS SEGMENT RESULTS (dollars in thousands) (unaudited) Fiscal Quarter Ended Two Fiscal Quarters Ended June 28, 2025 % of Total Net Sales June 29, 2024 % of Total Net Sales June 28, 2025 % of Total Net Sales June 29, 2024 % of Total Net Sales Net sales: U.S. Retail $ 299,549 51.2 % $ 290,249 51.4 % $ 593,980 48.9 % $ 597,890 48.8 % U.S. Wholesale 192,998 33.0 % 192,911 34.2 % 443,094 36.5 % 457,042 37.3 % International 92,766 15.8 % 81,274 14.4 % 178,065 14.6 % 170,994 13.9 % Total consolidated net sales $ 585,313 100.0 % $ 564,434 100.0 % $ 1,215,139 100.0 % $ 1,225,926 100.0 % Segment operating income(1): Segment operating margin Segment operating margin Segment operating margin Segment operating margin U.S. Retail $ 3,768 1.3 % $ 18,078 6.2 % $ 6,076 1.0 % $ 32,372 5.4 % U.S. Wholesale 27,062 14.0 % 36,207 18.8 % 82,372 18.6 % 99,535 21.8 % International 3,607 3.9 % 5,557 6.8 % 3,391 1.9 % 7,744 4.5 % Total segment operating income $ 34,437 5.9 % $ 59,842 10.6 % $ 91,839 7.6 % $ 139,651 11.4 % Items not included in segment operating income: Consolida- ted operating margin Consolida- ted operating margin Consolida- ted operating margin Consolida- ted operating margin Unallocated corporate expenses (2) $ (22,687 ) n/a $ (20,390 ) n/a $ (44,699 ) n/a $ (45,163 ) n/a Operating model improvement costs (3) (6,638 ) n/a — n/a (9,800 ) n/a — n/a Leadership transition costs (4) (1,068 ) n/a — n/a (7,194 ) n/a — n/a Consolidated operating income $ 4,044 0.7 % $ 39,452 7.0 % $ 30,146 2.5 % $ 94,488 7.7 % Expand (1) In fiscal 2024, the Company changed its measure of segment profitability to segment operating income. Segment operating income includes net sales, royalty income, and related cost of goods sold and selling, general, and administrative expenses attributable to each segment. Segment operating income excludes unallocated corporate expenses as well as specific charges that are not directly attributable to segment operations, including restructuring costs, operating model improvement costs, leadership transition costs, and impairment charges related to goodwill and indefinite-lived intangible assets, which were included in our previous measure of segment profitability. Prior period segment operating income for the fiscal quarter and two fiscal quarters ended June 29, 2024 have been recast to conform to the current presentation. (2) Unallocated corporate expenses include corporate overhead expenses that are not directly attributable to one of our business segments and include unallocated accounting, finance, legal, human resources, and information technology expenses, occupancy costs for our corporate headquarters, and other benefit and compensation programs, including performance-based compensation. (3) Primarily related to third-party consulting costs. (4) Related to costs associated with the transition of our former CEO, including accelerated vesting of outstanding time-based restricted stock awards. Expand Note: Results may not be additive due to rounding. Expand CARTER'S, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (dollars in thousands, except per share data) (unaudited) June 28, 2025 December 28, 2024 June 29, 2024 ASSETS Current assets: Cash and cash equivalents $ 338,183 $ 412,926 $ 316,646 Accounts receivable, net of allowance for credit losses of $6,340, $5,663, and $4,895, respectively 140,352 194,834 132,360 Finished goods inventories, net of inventory reserves of $10,284, $8,257, and $13,844, respectively 619,074 502,332 599,295 Prepaid expenses and other current assets 60,612 32,580 54,085 Total current assets 1,158,221 1,142,672 1,102,386 Property, plant, and equipment, net of accumulated depreciation of $598,575, $602,670, and $640,751, respectively 188,177 180,956 181,659 Operating lease assets 571,303 577,133 509,168 Tradenames, net 268,777 268,008 298,097 Goodwill 209,016 206,875 209,086 Customer relationships, net 21,854 23,543 25,386 Other assets 38,204 33,980 29,735 Total assets $ 2,455,552 $ 2,433,167 $ 2,355,517 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 306,399 $ 248,200 $ 313,796 Current operating lease liabilities 124,002 130,564 128,952 Other current liabilities 95,270 130,052 84,895 Total current liabilities 525,671 508,816 527,643 Long-term debt, net 498,531 498,127 497,735 Deferred income taxes 42,290 38,210 48,910 Long-term operating lease liabilities 501,804 501,503 436,575 Other long-term liabilities 33,354 31,949 32,904 Total liabilities $ 1,601,650 $ 1,578,605 $ 1,543,767 Commitments and contingencies Shareholders' equity: Preferred stock; par value $0.01 per share; 100,000 shares authorized; none issued or outstanding $ — $ — $ — Common stock, voting; par value $0.01 per share; 150,000,000 shares authorized; 36,467,071, 36,041,995, and 36,280,056 shares issued and outstanding, respectively 365 360 363 Additional paid-in capital 14,460 3,856 — Accumulated other comprehensive loss (32,817 ) (43,678 ) (32,814 ) Retained earnings 871,894 894,024 844,201 Total shareholders' equity 853,902 854,562 811,750 Total liabilities and shareholders' equity $ 2,455,552 $ 2,433,167 $ 2,355,517 Expand CARTER'S, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (dollars in thousands) (unaudited) Two Fiscal Quarters Ended June 28, 2025 June 29, 2024 Cash flows from operating activities: Net income $ 15,985 $ 65,672 Adjustments to reconcile net income to net cash (used in) provided by operating activities: Depreciation of property, plant, and equipment 24,967 27,386 Amortization of intangible assets 1,846 1,858 Provision for excess and obsolete inventory, net 1,853 4,986 (Gain) loss on disposal of property, plant and equipment (4 ) 87 Amortization of debt issuance costs 832 809 Stock-based compensation expense 14,941 9,290 Unrealized foreign currency exchange (gain) loss, net (799 ) 109 Provision for doubtful accounts receivable from customers 1,182 285 Unrealized gain on investments (474 ) (1,081 ) Deferred income taxes expense 3,549 7,153 Effect of changes in operating assets and liabilities: Accounts receivable 54,068 50,516 Finished goods inventories (114,014 ) (70,802 ) Prepaid expenses and other assets (30,218 ) (24,320 ) Accounts payable and other liabilities 17,948 19,743 Net cash (used in) provided by operating activities $ (8,338 ) $ 91,691 Cash flows from investing activities: Capital expenditures $ (26,546 ) $ (24,315 ) Net cash used in investing activities $ (26,546 ) $ (24,315 ) Cash flows from financing activities: Dividends paid $ (38,115 ) $ (58,510 ) Repurchases of common stock — (33,778 ) Withholdings from vesting of restricted stock (4,332 ) (7,436 ) Proceeds from exercises of stock options — 367 Other (370 ) — Net cash used in financing activities $ (42,817 ) $ (99,357 ) Net effect of exchange rate changes on cash and cash equivalents 2,958 (2,586 ) Net decrease in cash and cash equivalents $ (74,743 ) $ (34,567 ) Cash and cash equivalents, beginning of period 412,926 351,213 Cash and cash equivalents, end of period $ 338,183 $ 316,646 Expand CARTER'S, INC. RECONCILIATION OF GAAP TO ADJUSTED RESULTS (dollars in millions, except earnings per share) (unaudited) Fiscal Quarter Ended June 28, 2025 SG&A % Net Sales Operating Income % Net Sales Income Taxes Net Income Diluted EPS As reported (GAAP) $ 281.0 48.0 % $ 4.0 0.7 % $ 1.3 $ 0.4 $ 0.01 Operating model improvement costs (b) (6.6 ) 6.6 1.6 5.0 0.14 Leadership transition costs (c) (1.1 ) 1.1 0.3 0.8 0.02 As adjusted (a) $ 273.3 46.7 % $ 11.8 2.0 % $ 3.1 $ 6.3 $ 0.17 Expand Two Fiscal Quarters Ended June 28, 2025 SG&A % Net Sales Operating Income % Net Sales Income Taxes Net Income Diluted EPS As reported (GAAP) $ 551.3 45.4 % $ 30.1 2.5 % $ 7.1 $ 16.0 $ 0.43 Operating model improvement costs (b) (9.8 ) 9.8 2.4 7.4 0.21 Leadership transition costs (c) (7.2 ) 7.2 0.6 6.6 0.18 As adjusted (a) $ 534.3 44.0 % $ 47.1 3.9 % $ 10.0 $ 30.1 $ 0.83 Expand (a) In addition to the results provided in this earnings release in accordance with GAAP, the Company has provided adjusted, non-GAAP financial measurements that present SG&A, operating income, income tax, net income, and net income on a diluted share basis excluding the adjustments discussed above. The Company believes these adjustments provide a meaningful comparison of the Company's results and afford investors a view of what management considers to be the Company's core performance. The adjusted, non-GAAP financial measurements included in this earnings release should not be considered as an alternative to net income or as any other measurement of performance derived in accordance with GAAP. The adjusted, non-GAAP financial measurements are presented for informational purposes only and are not necessarily indicative of the Company's future condition or results of operations. (b) Primarily related to third-party consulting costs. (c) Related to costs associated with the transition of our former CEO, including accelerated vesting of outstanding time-based restricted stock awards. Expand Note: Results may not be additive due to rounding. Expand CARTER'S, INC. RECONCILIATION OF NET INCOME ALLOCABLE TO COMMON SHAREHOLDERS (unaudited) Fiscal Quarter Ended Two Fiscal Quarters Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Weighted-average number of common and common equivalent shares outstanding: Basic number of common shares outstanding 35,409,988 35,688,755 35,361,039 35,774,748 Dilutive effect of equity awards — 135 605 1,692 Diluted number of common and common equivalent shares outstanding 35,409,988 35,688,890 35,361,644 35,776,440 As reported on a GAAP Basis: (dollars in thousands, except per share data) Basic net income per common share: Net income $ 446 $ 27,639 $ 15,985 $ 65,672 Income allocated to participating securities (231 ) (523 ) (866 ) (1,218 ) Net income available to common shareholders $ 215 $ 27,116 $ 15,119 $ 64,454 Basic net income per common share $ 0.01 $ 0.76 $ 0.43 $ 1.80 Diluted net income per common share: Net income $ 446 $ 27,639 $ 15,985 $ 65,672 Income allocated to participating securities (231 ) (523 ) (866 ) (1,218 ) Net income available to common shareholders $ 215 $ 27,116 $ 15,119 $ 64,454 Diluted net income per common share $ 0.01 $ 0.76 $ 0.43 $ 1.80 As adjusted (a): Basic net income per common share: Net income $ 6,302 $ 27,639 $ 30,052 $ 65,672 Income allocated to participating securities (231 ) (523 ) (866 ) (1,218 ) Net income available to common shareholders $ 6,071 $ 27,116 $ 29,186 $ 64,454 Basic net income per common share $ 0.17 $ 0.76 $ 0.83 $ 1.80 Diluted net income per common share: Net income $ 6,302 $ 27,639 $ 30,052 $ 65,672 Income allocated to participating securities (231 ) (523 ) (866 ) (1,218 ) Net income available to common shareholders $ 6,071 $ 27,116 $ 29,186 $ 64,454 Diluted net income per common share $ 0.17 $ 0.76 $ 0.83 $ 1.80 Expand (a) In addition to the results provided in this earnings release in accordance with GAAP, the Company has provided adjusted, non-GAAP financial measurements that present per share data excluding the adjustments discussed above. The Company has excluded $5.9 million and $14.1 million in after-tax expenses from these results for the fiscal quarter and two fiscal quarters ended June 28, 2025, respectively. Expand Note: Results may not be additive due to rounding. Expand RECONCILIATION OF U.S. GAAP AND NON-GAAP INFORMATION (dollars in millions) (unaudited) The following table provides a reconciliation of net income to EBITDA and Adjusted EBITDA for the periods indicated: Fiscal Quarter Ended Two Fiscal Quarters Ended Four Fiscal Quarters Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 June 28, 2025 Net income $ 0.4 $ 27.6 $ 16.0 $ 65.7 $ 135.8 Interest expense 7.9 7.9 15.7 15.8 31.2 Interest income (4.3 ) (3.2 ) (7.4 ) (6.3 ) (12.2 ) Income tax expense 1.3 6.7 7.1 18.6 33.7 Depreciation and amortization 13.6 14.4 26.8 29.2 55.5 EBITDA $ 18.8 $ 53.5 $ 58.1 $ 123.1 $ 244.1 Adjustments to EBITDA Operating model improvement costs (a) $ 6.6 $ — $ 9.8 $ — $ 9.8 Leadership transition costs (b) 1.1 — 7.2 — 7.2 Organizational restructuring (c) — — — — 1.8 Intangible asset impairment (d) — — — — 30.0 Partial pension plan settlement (e) — — — — 0.9 Total adjustments 7.7 — 17.0 — 49.8 Adjusted EBITDA $ 26.5 $ 53.5 $ 75.0 $ 123.1 $ 293.8 Expand (a) Primarily related to third-party consulting costs. (b) Related to costs associated with the transition of our former CEO, including accelerated vesting of outstanding time-based restricted stock awards. (c) Net expenses related to organizational restructuring. (d) Non-cash impairment charge on the OshKosh indefinite-lived tradename asset. (e) Non-cash charge for partial settlement of the OshKosh B'Gosh Pension Plan. Expand Note: Results may not be additive due to rounding. Expand EBITDA and Adjusted EBITDA are supplemental financial measures that are not defined or prepared in accordance with GAAP. We define EBITDA as net income before interest, income taxes, and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for the items described in footnotes (a) - (e) to the table above. We present EBITDA and Adjusted EBITDA because we consider them important supplemental measures of our performance and believe they are frequently used by securities analysts, investors, and other interested parties in the evaluation of companies in our industry. These measures also afford investors a view of what management considers to be the Company's core performance. The use of EBITDA and Adjusted EBITDA instead of net income or cash flows from operations has limitations as an analytical tool, and you should not consider them in isolation, or as a substitute for analysis of our results as reported under GAAP. EBITDA and Adjusted EBITDA do not represent net income or cash flow from operations as those terms are defined by GAAP and do not necessarily indicate whether cash flows will be sufficient to fund cash needs. While EBITDA, Adjusted EBITDA and similar measures are frequently used as measures of operations and the ability to meet debt service requirements, these terms are not necessarily comparable to other similarly titled captions of other companies due to the potential inconsistencies in the method of calculation. EBITDA and Adjusted EBITDA do not reflect the impact of earnings or charges resulting from matters that we consider not to be indicative of our ongoing operations. Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as discretionary cash available to us for working capital, debt service and other purposes. Expand RECONCILIATION OF U.S. GAAP AND NON-GAAP INFORMATION (dollars in millions) (unaudited) The table below reflects the calculation of constant currency net sales on a consolidated and International segment basis for the fiscal quarter and two fiscal quarters ended June 28, 2025: Fiscal Quarter Ended Reported Net Sales June 28, 2025 Impact of Foreign Currency Translation Constant- Currency Net Sales June 28, 2025 Reported Net Sales June 29, 2024 Reported Net Sales % Change Constant- Currency Net Sales % Change Consolidated net sales $ 585.3 $ (3.1 ) $ 588.4 $ 564.4 3.7 % 4.2 % International segment net sales $ 92.8 $ (3.1 ) $ 95.8 $ 81.3 14.1 % 17.9 % Expand Two Fiscal Quarters Ended Reported Net Sales June 28, 2025 Impact of Foreign Currency Translation Constant- Currency Net Sales June 28, 2025 Reported Net Sales June 29, 2024 Reported Net Sales % Change Constant- Currency Net Sales % Change Consolidated net sales $ 1,215.1 $ (9.5 ) $ 1,224.6 $ 1,225.9 (0.9 )% (0.1 )% International segment net sales $ 178.1 $ (9.5 ) $ 187.6 $ 171.0 4.1 % 9.7 % Expand Note: Results may not be additive due to rounding. The Company evaluates its net sales on both an 'as reported' and a 'constant currency' basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates that occurred between the comparative periods. Constant currency net sales results are calculated by translating current period net sales in local currency to the U.S. dollar amount by using the currency conversion rate for the prior comparative period. The Company consistently applies this approach to net sales for all countries where the functional currency is not the U.S. dollar. The Company believes that the presentation of net sales on a constant currency basis provides useful supplemental information regarding changes in our net sales that were not due to fluctuations in currency exchange rates and such information is consistent with how the Company assesses changes in its net sales between comparative periods. Expand

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