Error code 800401f0
CoInitialize has not been called
It shouldn't be possible, that you see that particular error code, except you aren't running the official Soundpad or your system is kind of corrupted. The error code means "CoInitialize has not been called", but CoInitialize is certainly called when it is needed.
If it doesn't fix the problem, then you can try to validate the integrity of your Windows installation with Microsoft's sfc and dism tools. Maybe that helps.