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macos – Errors while attempting to install a Big Sur VM with Parallels 18 on Monterey 12.6

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Looked at this question, but it seemed to be assuming Intel. All the other questions involved installing newer macOS than the Host. I couldn’t find an Apple Silicon (M1) question installing older VMs.

Note: I’m current running a Monterey VM just fine. I just need one running Big Sur.

I used this command to create the VM:

/Applications/Parallels ~/Downloads/UniversalMac_11.6_20G165_Restore.ipsw ~/Parallels/macOS Big Sur.macvm --disksize 40000000000

When I start this VM I get this error:
Cannot retrieve the hardware model data.

The .ipsw was downloaded from here.

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