BME AI Studio Stuck "Loading Application" on macOS

I recently downloaded v2.3.2 for macOS running Sonoma 14.2.1 on Apple Silicon. After downloading the folder, I used the disk image file to install the application. The application launched succesfully, but always gets stuck on the spalsh screen displaying the message "Loading Application" (see attached picture)

I have looked around this forum and have seen some people suggest that users disable their firewall, which I also have tried to no avail. Does anyone know what causes this issue or how I can fix the probelm? If you need more information please just let me know. Thanks in adavance for the assistance.

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