Application freezes on loading screen after installation - Parallels 26 on Tahoe

I installed Parallels on a new Mac OS.
After the installation was complete, I tried to open Parallels, but the screen displayed the message "Loading." I waited a few minutes, and the screen continued to display the same message.
I tried reinstalling Parallels and restarting my Mac, but nothing worked.
Has anyone else had a similar issue?