That's my understanding.

The only caveat being that Rocky and Alma have stated they're attempting to figure things out. Something similar, though I can't remember the exact change, happened like 10 years ago and everyone thought CentOS would die.

If there's one thing I have faith in is that open source always finds a way. It's not just you figuring something out. It's entire communities of insanely brilliant and PASSIONATE folks. Never underestimate the passion that drives these folks. Red Hat does.