code command's wait (-w, --wait) is crashing since ~1.95.2

[itsthejb]

Does this issue occur when all extensions are disabled?: Yes/No

• VS Code Version: 1.95.2 e8653663e8840adaf45af01eab5c627a5af81807 arm64
• OS Version: macOS 15.1 (24B83)

Steps to Reproduce:

The command-line code's wait flag (-w --wait) is failing since around 1.95.2

1. touch test.txt && code -w test.txt
2. Crashes with:

node:internal/errors:541
      throw error;
      ^

TypeError [ERR_INVALID_ARG_TYPE]: The "path" argument must be of type string or an instance of Buffer or URL. Received undefined
    at Module.access (node:fs:229:10)
    at t.access (node:electron/js2c/node_init:2:7532)
    at Timeout._onTimeout (file:///Applications/Visual%20Studio%20Code.app/Contents/Resources/app/out/cli.js:29:95356)
    at listOnTimeout (node:internal/timers:581:17)
    at process.processTimers (node:internal/timers:519:7) {
  code: 'ERR_INVALID_ARG_TYPE'
}

Node.js v20.18.0