I have Sequoia on MacBook Pro Max M1 with Parallel desktop 20.0.1 and I cannot even create another virtual machine. I press the + button and nothing happens same with FILE --> NEW.. still nothing happens. I reinstalled the program without any progress. If I try to click support center I get the same results. Seems like my clicks aren't clicking..
I managed to get it to work by enabling the kernel extensions while booting in recovery mode on my Silicon Mac. For some reasons after installing Sequoia I need to do that to get Parallel to work as expected.