Failed to Load Image -C1 v22 - Windows 11

When trying to drag/drop images from Photo Mechanic into Capture One v22, get multiple Failed to Load Images messages per file.  When the messages finally stop, I can see the following details:

Error: Object reference not set to an instance of an object.   at P1.C1.Core.FileSystemExtensions.LazyFileInfo.<.ctor>b__3_0()
   at System.Lazy`1.CreateValue()
   at System.Lazy`1.LazyInitValue()
   at P1.C1.Core.FileSystemExtensions.LazyFileInfo.get_Exist()
   at P1.C1.Core.ModelEntities.Internals.CaptureOneImage.LoadImageSettings(ICoreImage argCoreImage)
   at P1.C1.Core.Image.GetSettingsOverride()
   at P1.C1.Core.ProxySettingsProviderBase`1.LoadSettings()
   at P1.C1.Core.Image.set_FileClassification(UInt32 value)
   at P1.C1.Core.Image..ctor(String argFilePath, ImageSettingsLoaderCallback argSettingsLoader, Func`2 argPathToIFileInfoConverter, UInt32 argFileClassification, String argVersionInfo, ICapabilities argCapabilities, IImageCoreService argImageCore)
   at P1.C1.Core.ModelEntities.Internals.CaptureOneImage.GetCoreImage(Func`2 argPathToIFileInfoConverter, Nullable`1 argFileClassification, String argVersionInfo, ICapabilities argCapabilities)
   at P1.C1.Core.ModelEntities.Internals.CaptureOneImage..ctor(ImageDBCachedProperties argCachedProperties, ICaptureOneDocument argDocument, ImageSettingsLoaderCallback argSettingsLoaderCallback, String argSidecarPath, ILoadImageSettings argImageData, Nullable`1 argImportDate, ImageConstructFlags argFlags, Boolean argCheckForDuplicates, Nullable`1 argFileClassification, String argFileName, FolderLocation argLocation, Boolean argIsDocumentManaged, String argVersionInfo, IFileInfoProvider argFileInfoProvider, ICapabilities argCapabilities, IImageCoreService argImageCore)
   at P1.C1.Core.ModelEntities.Internals.CaptureOneImageFactory.Create(ImageDBCachedProperties argCachedProperties, CaptureOneDocument document, ImageSettingsLoaderCallback settingsLoaderCallback, String absoluteFileSystemPath, String sidecarPath, DateTime importDate, ImageConstructFlags options, Boolean argCheckforDuplicate, UInt32 fileClassification)
   at P1.C1.Core.ModelEntities.Internals.Collections.TemporaryImageProvider.CreateTemporaryImage(ICaptureOneDocument argDocument, String argImageFileSystemPath, DateTime argImportDate, CoProcessingEngine argEngine, Action`2 argOverrideDefaultsMethod, Boolean argDisableDefaultLensCorrection, Boolean argCheckforDuplicate)
   at P1.C1.Core.ModelEntities.Internals.Collections.TemporaryImageProvider.CreateImage(ICaptureOneDocument argDocument, String argImageFileSystemPath, DateTime argImportDate, CoProcessingEngine argEngine, Action`2 argOverrideDefaultsMethod, Boolean argDisableDefaultLensCorrection, Boolean argCheckforDuplicate)
   at P1.C1.Core.ModelEntities.Internals.Collections.ImporterTemporaryCollection.AddFileIfCanHandle(String imageFileSystemPath, CoProcessingEngine engine, Action`2 overrideDefaultsMethod, Boolean DisableDefaultLensCorrection, Boolean argCheckForDuplicates)
   at P1.C1.Components.ImageImporter.ImporterViewModel.AddPendingFiles(CancellationToken argToken)

Brand new PC - did update the BIOS today (02/13/22) - did not fix the issue.