Yorkville had the option to convert more than 20% of the loan amount at once when the price is above .29. Absolutely, they would want to take a 25% or better return on the loan in just 2 months. No brainer, they're going back into cash with a huge short-term return on the loan. That's what they do.
Actually they got a '5% Original Issue Discount of five percent but no interest', plus maybe 5% discount to the market price when they convert so they got 10% ROI on the loan in 2 months.. Their converting at a higher price means less dilution so it's a win-win.
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