1. They probably still had $110M cash in hand, lol. Although Imran is idiotic enough that he probably spent all the money.

2. Nepotism. The same reason he got that money in the first place, see also the usual suspects, Cohere, FTX, Perplexity AI, Theranos, ...

If you knew how easy some people have it you would be extremely pissed off, and with reason.