Indiana/Northwestern shot clock situation

[Jesse James]

Late stages of first half, IU shoots an air ball with shot clock winding down, ball knocked out by Northwestern with 04.2 on game clock and after review, 1 left on shot clock. Inbounds lob pass caught by IU’s post Jackson-Davis, shot clock horn goes off basically simultaneously with the touch/catch. Jackson-Davis then shoots/hits. After review, apparently it was determined since Jackson-Davis got his shot off in less than 1 second (appeared .8 of elapsed game clock to me), officials counted the bucket.

Correct or no?