Cubit 2022.11 macOS 64bit Not Launching on M1 Ultra

Coreform Cubit Version: 2022.11
Platform: macOS Monterey, Apple M1 Ultra

Issue
I just installed and tried to run this for the first time. It is not launching.
It shows the Cubit splash screen very momentarily (less than tenth of second) and crash terminated.

Just to double check: during install, there’s a CRITICAL_INSTALL_INSTRUCTIONS.readme file that directs the user to open a terminal and execute the following commands:

sudo mkdir- p "/Library/Application Support/Reprise"
sudo chmod -R 777 "/Library/Application Support/Reprise"

Unfortunately this is a Mac-specific requirement for our licensing provider. We’re working on streamlining this in future releases.

Thank you for your help. Problem is now resolved.