Yes - the Scout will provide unwanted tracking alerts under the same conditions as would occur with an Apple AirTag.
It is worth noting however, in order for such a notification to be sent, the user must remain in close proximity to the Scout for an extended period of time.
If the Scout remains in close proximity to a device that is not connected to it for an extended period of time, it can also sometimes emit a quiet tone or beep as per these anti stalker protocols.
These protocols are managed/implemented by Apple cannot be disabled as they intended as a safety feature in order to prevent unwanted tracking/misuse of such devices.