AirTag v2 - location updating off of older ios devices

Will the airtag v2 still ping off of older ios devices to relay location information?

I understand I need IOS 26+ to connect to my airtag, but I want to know if the new v2 tags will still relay location data off of older ios devices or if the relaying phone also has to be running ios 26+ to transmit the airtag v2 location.