To run a macOS VM on Mac computers with Apple silicon, Parallels Desktop uses new technology introduced in macOS Monterey, that's why it is not possible to run earlier versions of macOS on a Mac with Apple silicon.
To run a macOS VM on Mac computers with Apple silicon, Parallels Desktop uses new technology introduced in macOS Monterey, that's why it is not possible to run earlier versions of macOS on a Mac with Apple silicon.