Copied this post from tech suppoortfrom another thread here in the forums.
"You need to re-activate your installation of Studio One 5 with the Sphere License.
Go to Studio One drop down menu
Select Studio One Activation
Click where it says "Activate With Sphere"
Click Green Activate Button.
Restart Studio One.
PreSonus Hub and any add-ons will select the Sphere License to activate."
This fixed the issue for me! Thanks!