Unable to get my license to activate on a new Mac

I have a Parallels Desktop for Mac Subscription and am trying to activate the license on my new MacBook Pro - M1 Pro. I followed the instructions for activating on the new Mac for moving the license but I do not have the option to Activate on the window. This is what it states: "This license has reached its activation limit and can no longer be used to activate new product copies." My only options are "OK" or "Buy a new license"
How can I move my license to my new Mac?

 

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