No, I don't think it will have much of an effect. It was a non-cash charge in the first place, and now it will be a non-cash gain. It doesn't really change the company's financial situation much, other than reducing the fully-diluted share count by 10% or so (assuming the company retires the shares).
And of course that is greatly overshadowed by the likelihood that PXYN has lost TPS and revenues will be down by a stunning amount.
Still, it was nice to see a post from you that was probably correct.