Once converted , BayStar will own an aggregate of approximately 2.95 million shares of SCO common stock or 17.5 percent of the company 's outstanding shares .
The investment gives Larkspur , Calif.-based BayStar more than 2.9 million shares of SCO common stock , or 17.5 percent of the company 's outstanding shares .
The Columbia broke apart during descent on Feb. 1 , killing all seven astronauts aboard .