Crash: After 2.01 Update, Game Won't Launch from Launcher

After my game updated last night, I have been unable to play. The launcher will open, but when I click on play, it says "The application was unable to start correctly (0xc0000142). Click OK to close the application." I went through the support steps online, which is how I finally ended up here. 

I am running Windows 11 Version 22H2 (OS Build 22621.2506) through Parallels on my Mac Studio. 

I was able to downgrade to 1.51 that says it's for old saves through Steam and it runs fine, however that version isn't the one before the latest update, and doesn't support the save games from the previous version.