Parallels will not install on Mac M1

I've attempted two technical installs, and now the regular production install, and none of those installs have ever been completed. These days I'm getting stuck at the boot menu, where I cannot use keyboard arrows to select where I want to boot from, and the ENTER key doesn't work.

I'd be patient and wait for the next version to come out, but I now have 12 days left on the trial and the thing still doesn't work. Is there a section of this board dedicated to the Mac M1 version of Parallels?