IOApp hangs in Databricks 10.4LTS

The issue a simple IOApp executes all required code but then hangs indefinitely on 3.3.14.

import cats.effect._

object Test extends IOApp {
  
  def run(args: List[String]):  IO[ExitCode] =
    IO.delay(ExitCode.Success)
}

The issue is somehow fixed on 3.4-4c07d83 where first time it runs successfully. The second run it hangs and I also get:

WARNING: Cats Effect global runtime already initialized; custom configurations will be ignored

For context on CE2 there were no such issues.
Now I assume it could be related to the way the lifetime of Spark containers is managed in Databricks, the shutdown hooks are not run reliably.