ESPP qualifying disposition

My company offers an ESPP with an offering period at the beginning of every quarter and a purchase date at the end of the quarter. Based on my research, in order for an ESPP sale to be a qualifying disposition it must be held for at least a year from the purchase date AND 2 years from the offering date. By these rules does it mean I basically have to hold it for 1 year and 9 months? For example offering period opens up January 1, 2025. The company will purchase the stock for me on March 31, 2025. That means I need to hold the stock until January 1, 2027 correct?