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Trying to assign perpetual license gives "Unable to acquire quota for server"

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I have a server and a workstation that were previously on a 12.5 Advanced subscription, that I'd like to use my perpetual licenses of 12.5 STANDARD on, the licenses aren't currently assigned, so I can't revoke them as such, but when I try to assign them to either the server of the workstation, I get "Unable to acquire quota for server", and it won't let me continue.

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Clicking on the Advanced licenses does nothing, they're stuck on "Loading..."

I am currently attempting to upgrade to 12.5.16428 to see if that makes a difference.

 

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Stuart, thank you for sharing the outcome with the community, marked your comment as solution