20.2.1 Silicon M3 - Parallels Desktop quit unexpectedly

Process: prl_client_app [3619]
Path: /Applications/Parallels Desktop.app/Contents/MacOS/prl_client_app
Identifier: com.parallels.desktop.console
Version: 20.2.1 (55876)
Build Info: Parallels-55876.0~20.2.55876.0
Code Type: ARM-64 (Native)
Parent Process: launchd [1]
User ID: 501

Date/Time: 2025-02-22 17:15:33.4564 -0600
OS Version: macOS 15.3.1 (24D70)
Upgraded to latest version - pre_client_app crashes immediately.
Rebooted MBP.
Same issue.
Reported to tech support.

Just a heads up to others upgrading.