diff --git a/Cargo.lock b/Cargo.lock
index cbb87bc6ff988..1cfb4658f6049 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1566,7 +1566,7 @@ checksum = "7ffc5c5338469d4d3ea17d269fa8ea3512ad247247c30bd2df69e68309ed0a08"
 
 [[package]]
 name = "materialized"
-version = "0.2.1-dev"
+version = "0.2.1-rc1"
 dependencies = [
  "avro",
  "backtrace",
diff --git a/LICENSE b/LICENSE
index 3e8cfc43b0daa..fbcc1c0135f34 100644
--- a/LICENSE
+++ b/LICENSE
@@ -13,7 +13,7 @@ Business Source License 1.1
 
 Licensor:                  Materialize, Inc.
 
-Licensed Work:             Materialize Version 0.2
+Licensed Work:             Materialize Version 0.2.1
                            The Licensed Work is © 2020 Materialize, Inc.
 
 Additional Use Grant:      You may use one single server instance of the
@@ -29,7 +29,7 @@ Additional Use Grant:      You may use one single server instance of the
                            functionality of the Licensed Work by creating views
                            whose schemas are controlled by such third parties.
 
-Change Date:               April 1, 2024
+Change Date:               April 21, 2024
 
 Change License:            Apache License, Version 2.0
 
diff --git a/src/materialized/Cargo.toml b/src/materialized/Cargo.toml
index 7d7e61312afeb..192ff920a591e 100644
--- a/src/materialized/Cargo.toml
+++ b/src/materialized/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "materialized"
 description = "Streaming SQL materialized views."
-version = "0.2.1-dev"
+version = "0.2.1-rc1"
 edition = "2018"
 publish = false
 default-run = "materialized"