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I finally figured this out for anyone who might read this and run into the same issue. I had installed Java JDK 21.0.9 and Creo Schematics 12 does NOT play nicely with JDK 21.0.9 at all. Creo Schematics 9 had the same issue with using a slightly different version of java (i.e. JDK 11.0 vs 11.0.0.2). There are other bugs with using this version of java as well which were also resolved by using the correct version of java.
The solution is to use the version of java with no bug fixes or update which is JDK 21.0.0.
