who is doing the buying

Since the anouncement of the merger, there has been over 25mil shares traded, many of them around the $3.20-30 mark.
This is a relatively large amount given the average volume traded in recent times.

I can understand the sellers given the understandable disenchantment with the deal.
But, who is buying. Someone is soaking them up.
Someone can see value here.
Could it be Couer?