GameObjects don't render when using Hybrid Renderer and Deferred Point lights

To reproduce:
1. Open the project “DOTS-Deferred-RenderObjects”
2. Enter Play mode and notice the capsule rendered normally
3. Exit Play mode
4. Select “Renderobject Capsule” in the Hierarchy
5. Convert it to an entity (Component → DOTS)
6. Enter Play mode

Expected result: The capsule is rendered normally
Actual result: The capsule is black

Reproducible with: 0.51.1-preview.21 (2021.3.8f1)
Could not test with: 2020.3.38f1 (Console errors)

Reproduced on: macOS Monterey 12.5.1 (Intel)

Note: In the first play, the capsule is invisible. It’s black on the following plays