Latest iPad compatibility with Square Stand

I'm considering switching to the Square Stand for our POS system, with the old Square Terminal as a backup. However the Stand specs state it's compatible with: iPad (A16), iPad (10th generation), iPad Pro 11-inch (1st, 2nd, 3rd, 4th generation), iPad Air (4th, 5th generation) and iPad Air 11-inch (M2, M3). The stand itself will hold a 10.9 or 11 inch iPad, but I assume the software only works on the listed hardware models, not the IOS version? I see Amazon has an Air 11-inch M4 model on sale - will that work with the software? Is it updated enough to work with the latest IOS releases? 

Thanks in advance. 

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