---
schema_version: "secwatch.filing_event.v1"
accession: "0001058623-22-000075"
form_type: "8-K"
ticker: "CMLS"
cik: "0001058623"
company_name: "CUMULUS MEDIA INC"
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:17:53.584150+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cumulus Media launches $25M modified Dutch auction tender offer at $14.50-$16.50/share

## Summary
- Offer to purchase up to $25M of Class A common stock at a price between $14.50 and $16.50 per share.
- Tender offer commences May 6, 2022, expires June 3, 2022, unless extended or terminated.
- Follows Board's authorization of a $50M share buyback program announced on May 4, 2022.
- CEO says action reflects belief that company is 'significantly undervalued' and allows shareholder liquidity.
- Morgan Stanley serves as dealer manager; D.F. King as information agent; Continental Stock as depositary.

## SEC filing metadata
- accession: 0001058623-22-000075
- form_type: 8-K
- ticker: CMLS
- cik: 0001058623
- company_name: CUMULUS MEDIA INC
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058623/000105862322000075/0001058623-22-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058623/000105862322000075/cmls-20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058623-22-000075
- JSON: https://secwatch.observer/filing/0001058623-22-000075.json
- Plain text: https://secwatch.observer/filing/0001058623-22-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.