Unhandled exception after upgrade to latest version

I have just recently upgraded to the latest version of WinForms (2022.2.622.40), along with upgrading from .net 4.6 to 4.7.2 to take advantage of High DPI updates.

When I start my application, is simply goes away without reporting any error.

When I look at the Windows Event Viewer Application Logs I see the following error:

Framework Version: v4.0.30319
Description: The process was terminated due to an unhandled exception.
Exception Info: System.ArgumentNullException
   at Telerik.WinControls.RadSvgImage.FromByteArray(Byte[])
   at Telerik.WinControls.UI.RadPictureBoxElement.InitializeFields()
   at Telerik.WinControls.RadElement..ctor()
   at Telerik.WinControls.RadItem..ctor()
   at Telerik.WinControls.UI.LightVisualElement..ctor()
   at Telerik.WinControls.UI.RadPictureBox.CreateImageEditorElement()
   at Telerik.WinControls.UI.RadPictureBox.CreateChildItems(Telerik.WinControls.RadElement)
   at Telerik.WinControls.RadControl.Construct()
   at Telerik.WinControls.RadControl..ctor()
   at AGD.Cobalt.ScenarioTool.SplashForm.InitializeComponent()
   at AGD.Cobalt.ScenarioTool.SplashForm..ctor()
   at AGD.Cobalt.ScenarioTool.SplashForm.ShowForm()

I'm running on Windows 11, and have merged all dll's together using ILmerge (if t

I should add that my form has a single RadPictureBox with a small image loaded from the project resource but has defaults for SvgImage. DefaultImage and DefaultSvgImage 

Any ideas? is there a workaround ?

Thanks in advance

Toby