diff --git a/RELEASE-NOTES.txt b/RELEASE-NOTES.txt
index 0e014457c5..652d47faeb 100644
--- a/RELEASE-NOTES.txt
+++ b/RELEASE-NOTES.txt
@@ -4,6 +4,7 @@ Unreleased
 * [**] Disable details settings for not belonged VideoPress videos [https://github.com/wordpress-mobile/gutenberg-mobile/pull/5782]
 * [***] Enable VideoPress block on Android (only available in Simple WPCOM sites) [#5780]
 * [**] Tapping any type of nested block moves focus to the nested block directly, rather than requiring multiple taps to navigate down each nesting levels. [https://github.com/wordpress-mobile/gutenberg-mobile/pull/5781]
+* [*] [List block] Fix an issue when merging a list item into a Paragraph would remove its nested list items [https://github.com/wordpress-mobile/gutenberg-mobile/pull/5785]
 
 1.95.0
 ---
diff --git a/gutenberg b/gutenberg
index 04f0982309..54fc4ec759 160000
--- a/gutenberg
+++ b/gutenberg
@@ -1 +1 @@
-Subproject commit 04f09823091360b4251d89af477dd5498169483f
+Subproject commit 54fc4ec759d55ef9176bf23653ff7b5b22fe23a5