Activation Code Wavelab Elements 9.5 problems

https://www.zoom-na.com/software-support

It’s Wavelab LE, which is a different product than Wavelab Elements. There’s also a different subforum here for Wavelab LE.
But check the Zoom card, and your email with the activation code for troubleshooting or contact information. There should be something there. And on the Zoom page I linked.