Raytraced Shadows render incorrectly in a project that has been converted from 5.0.3 to 5.1.1 to 5.2

The scene looks correct at Runtime.
Disabling Ray Traced Shadows on the Directional Light causes the scene to render correctly.

These are very specific steps to repro the issue 100% of the time. There are alternative steps, but they don't always trigger the issue.

1. Create a new Blank project in Unreal Engine 5.0.3 with Ray Tracing enabled
2. Create a new Basic Level
3. Delete everything, but the Floor and Directional Light
4. Place 250 or more Cubes
5. Adjust the Directional Light so that the Cubes' shadows are obvious
6. Save the level as "Test"
7. In Project Settings > Maps and Modes set Editor Startup Map to the "Test"
8. In Project Settings > Engine > Rendering:
   • Set Shadow Map Method to Shadow Maps
   • Enable Ray Traced Shadows
9. Close the editor
10. Either change the .uproject Unreal Engine Version to 5.2 then open it or Launch 5.2 then open the project as a Copy
11. Observe the Scene

Expected Results:
Ray Traced Shadows from the Directional Light are correct.

Actual Results:
The Scene is black save for blown out lighting on the cubes.