Same here, had no more external monitor (M1, LG 32UN88, USB-C) after the update. I read a few posts, nothing worked and started sweating.
But i got it to work by cold booting the monitor. Everything connected, OS booted. Then I just unplugged the power, the monitor played the welcome noise and i got the little screen to confirm permission in the OS.
Unfortunately this doesn't seem to be permanent, when i reboot it happens again, but more important is that sleep mode works fine.
I'm wondering ... after weeks and weeks of beta, nobody ever had this issue?