diff --git a/README.md b/README.md
index 047fef61..ad5844b4 100644
--- a/README.md
+++ b/README.md
@@ -9,6 +9,13 @@ This is a collection of APIs abstracting platform specific functionality to be l
 
 ## Version History
 
+
+### Development Build: v1.5.0-rc1+dev124
+
+- Relax strict of check before calling "Init" function of module, only check that module type is not invalid
+- Remove override of `add_psp_module` for coverage test
+- See <https://github.com/nasa/PSP/pull/307> and <https://github.com/nasa/cFS/pull/351>
+
 ### Development Build: v1.5.0-rc1+dev118
 
 - Implement Coding Standards in CodeQL
diff --git a/fsw/mcp750-vxworks/inc/psp_version.h b/fsw/mcp750-vxworks/inc/psp_version.h
index 46923374..99b7962c 100644
--- a/fsw/mcp750-vxworks/inc/psp_version.h
+++ b/fsw/mcp750-vxworks/inc/psp_version.h
@@ -29,7 +29,7 @@
 /*
  * Development Build Macro Definitions
  */
-#define CFE_PSP_IMPL_BUILD_NUMBER   118
+#define CFE_PSP_IMPL_BUILD_NUMBER   124
 #define CFE_PSP_IMPL_BUILD_BASELINE "v1.5.0-rc1"
 
 /*
diff --git a/fsw/pc-linux/inc/psp_version.h b/fsw/pc-linux/inc/psp_version.h
index 4c999859..73d2cbad 100644
--- a/fsw/pc-linux/inc/psp_version.h
+++ b/fsw/pc-linux/inc/psp_version.h
@@ -29,7 +29,7 @@
 /*
  * Development Build Macro Definitions
  */
-#define CFE_PSP_IMPL_BUILD_NUMBER   118
+#define CFE_PSP_IMPL_BUILD_NUMBER   124
 #define CFE_PSP_IMPL_BUILD_BASELINE "v1.5.0-rc1"
 
 /*
diff --git a/fsw/pc-rtems/inc/psp_version.h b/fsw/pc-rtems/inc/psp_version.h
index ebe85679..5f61087d 100644
--- a/fsw/pc-rtems/inc/psp_version.h
+++ b/fsw/pc-rtems/inc/psp_version.h
@@ -29,7 +29,7 @@
 /*
  * Development Build Macro Definitions
  */
-#define CFE_PSP_IMPL_BUILD_NUMBER   118
+#define CFE_PSP_IMPL_BUILD_NUMBER   124
 #define CFE_PSP_IMPL_BUILD_BASELINE "v1.5.0-rc1"
 
 /*