diff --git a/CHANGELOG.md b/CHANGELOG.md
index c7d78d7256d..7bcb4556fbf 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -78,7 +78,7 @@ Another [ExDoc](https://github.com/elixir-lang/ex_doc) feature we have incorpora
 
 Finally, we have started enriching our documentation with [Mermaid.js](https://mermaid.js.org/) diagrams. You can find examples in the [GenServer](https://hexdocs.pm/elixir/main/GenServer.html) and [Supervisor](https://hexdocs.pm/elixir/main/Supervisor.html) docs.
 
-## v1.16.2-dev
+## v1.16.2 (2024-03-10)
 
 ### 1. Enhancements
 
diff --git a/VERSION b/VERSION
index bbb75a1b664..f21c0ae0be8 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.16.1
\ No newline at end of file
+1.16.2
\ No newline at end of file
diff --git a/bin/elixir b/bin/elixir
index 783c566d290..d1b6058b79b 100755
--- a/bin/elixir
+++ b/bin/elixir
@@ -1,7 +1,7 @@
 #!/bin/sh
 set -e
 
-ELIXIR_VERSION=1.16.1
+ELIXIR_VERSION=1.16.2
 
 if [ $# -eq 0 ] || { [ $# -eq 1 ] && { [ "$1" = "--help" ] || [ "$1" = "-h" ]; }; }; then
   cat <<USAGE >&2
diff --git a/bin/elixir.bat b/bin/elixir.bat
index fb53b50c456..e87c81b34cf 100644
--- a/bin/elixir.bat
+++ b/bin/elixir.bat
@@ -1,6 +1,6 @@
 @if defined ELIXIR_CLI_ECHO (@echo on) else (@echo off)
 
-set ELIXIR_VERSION=1.16.1
+set ELIXIR_VERSION=1.16.2
 
 setlocal enabledelayedexpansion
 if    ""%1""==""""                if ""%2""=="""" goto documentation