Spectralayers Opens very slowly

Cubase Pro 11.0.41 - Windows 10
Ever since updating from 9.0 to 9.0.10 Spectralayers has been opening very slowly. Like almost a full minute to open. Once it’s open it works fine.
This happens with the stand alone version as well as when opening it as an extension in Cubase. And it happens whether I’m opening with a file or just as an empty project.

I have uninstalled and reinstalled but that has not solved the problem.

Both SL 8 , and 9.0 opened quickly.

Anybody else?
Thanks in advance for any suggestions!

Can you click Help > Support Info > Logs Folder and post all the log files located there here ?

Here you go!
logs.zip (21.2 KB)

Looks like it’s due to Steinberg Activation Manager taking too long to respond…

Thanks for the reply!
Is there a way for me to fix that or is it something that Steinberg has to fix?

Can I fix this?
Is there an update that fixes this?