Parcel build fails with no error

[LukeTOBrien]

🐛 bug report

Parcel build is failing with no errors, if you look at the screenshot below you can see that the last stage the build process got to was Building runtime-b26d016a60e99e5f.js....

When I add --log-level verbose, then I can see tree-shaking warnings but no error.
The warnings point to the docs which mention 'bail outs' but I don't think this is the kind of bail out the docs are talking about.

Does anyone know what could be causing this issue?

🎛 Configuration (.babelrc, package.json, cli command)

package.json

{
   ...
"targets": {
        "default": {
            "distDir": "./dist",
            "sourceMap": false,
            "context": "browser",
            "outputFormat": "global"
        }
    }
...
}

tsconfig

{
    "compilerOptions": {
        "module": "commonjs",
        "noImplicitAny": false,
        "removeComments": true,
        "preserveConstEnums": true,
        "sourceMap": true,
        "esModuleInterop": true,
        "target": "ES2020",
        "experimentalDecorators": true,
        "useDefineForClassFields": false
    }
}

.parcelrc

{
  "extends": "@parcel/config-default",
  "transformers": {
    "*.{ts,tsx}": ["@parcel/transformer-typescript-tsc"]
  }
}

.terserrc

{
    "compress": {
        "hoist_props": false
    },
    "mangle" : {
        "reserved" : [ "$", "L" ],
        "keep_fnames": true
    },
    "format": {
        "ascii_only": true
    }
}

🤔 Expected Behavior

Just work.

🌍 Your Environment

Software	Version(s)
Parcel	"^2.12.0"
Node	22.8.0
npm/Yarn	[email protected]
Operating System	Windows 11
TypeScript	"^5.6.2"