Unable to Open Session for VM

I recently bought CompTIA's Linux+ certification book and am going through the process of importing the provided .ova file to follow along with the material in the book.

The .ova imports successfully, but I am unable to open a session. I receive the following error message:

Failed to open a session for the virtual machine Template  Linux Exam XK0-004 .

The virtual machine 'Template  Linux Exam XK0-004 ' has terminated unexpectedly during startup with exit code 1 (0x1).

Result Code: NS_ERROR_FAILURE (0x80004005)
Component: MachineWrap
Interface: IMachine {85632c68-b5bb-4316-a900-5eb28d3413df}

I am running macOS Big Sur v11.2.3 with the Apple M1 chip, and I am using Oracle VM VirtualBox v6.1.18.

The tutorial .pdf for importing the .ova recommends using v6.0.14 but I was unable to install that version onto my device.

Does anyone have any suggestions on fixing this issue?

VirtualBox is an x86 virtualization hypervisor. It currently only runs on an x86 platform. See https://www.virtualbox.org

While Rosetta 2 will run many x86 apps very well on an M1 Mac, virtualization products are not supported per this Apple document