RSpec hanging when running in RubyMine, works fine outside of RubyMine and on old laptop

I recently upgraded my laptop, from a 2019 MacBook Pro to a 2023 MacBook Pro (M2).  Spring and Rspec were working fine on the old laptop.

See this output in RubyMine's run tab:

/bin/zsh -c "bash -c '. /Users/jamesmcguire/.asdf/asdf.sh && asdf shell ruby 2.7.8 && ruby /Users/jamesmcguire/repos/xxxx/bin/spring rspec /Users/jamesmcguire/repos/xxxx/xxxx.rb --require teamcity/spec/runner/formatter/teamcity/formatter --format '\"'\"'Spec::Runner::Formatter::TeamcityFormatter'\"'\"' --example '\"'\"'XXXX::xxxx'\"'\"''"
Testing started at 3:55 PM ...

But it just hangs.

If I disable spring system wide, it will work.

If I run this command in the console, everything works:

ruby /Users/jamesmcguire/repos/xxxx/bin/spring rspec /Users/jamesmcguire/repos/xxxx/xxxx.rb

Will also get output indicating spring is being used before the test results show up:

Running via Spring preloader in process 41619