We are moving the connect database (we are on Adobe Connect 9.5) to a different server that has SQL Server 2012 Sp3 Cumulative 7. Is Connect 9.5
It should work fine. Connect does show support for SQL 2012 for 9.5 and 9.6, so you should be good.
If you need an official answer, I'd recommend you call Adobe's Platinum Support number. If your M&S is current, then they should be able to help you and get you an official answer.