diff --git a/Makefile b/Makefile
index f8206b2e30a..b5f7ecb86a5 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@
 VERSION = 2024
 PATCHLEVEL = 07
 SUBLEVEL =
-EXTRAVERSION = -rc4
+EXTRAVERSION = -rc5
 NAME =
 
 # *DOCUMENTATION*
diff --git a/doc/develop/release_cycle.rst b/doc/develop/release_cycle.rst
index c9fb07f59e1..b392346eea8 100644
--- a/doc/develop/release_cycle.rst
+++ b/doc/develop/release_cycle.rst
@@ -75,7 +75,7 @@ For the next scheduled release, release candidates were made on::
 
 * U-Boot v2024.07-rc4 was released on Mon 03 June 2024.
 
-.. * U-Boot v2024.07-rc5 was released on Mon 17 June 2024.
+* U-Boot v2024.07-rc5 was released on Mon 24 June 2024.
 
 Please note that the following dates are planned only and may be deviated from
 as needed.