diff --git a/Makefile b/Makefile
index 4f4f014d2ce..fb02bba08fb 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@
 VERSION = 2023
 PATCHLEVEL = 07
 SUBLEVEL =
-EXTRAVERSION = -rc1
+EXTRAVERSION = -rc2
 NAME =
 
 # *DOCUMENTATION*
diff --git a/doc/develop/release_cycle.rst b/doc/develop/release_cycle.rst
index 7e9c931edf7..41d8edecb88 100644
--- a/doc/develop/release_cycle.rst
+++ b/doc/develop/release_cycle.rst
@@ -52,7 +52,7 @@ Current Status
 
 * The Merge Window for the next release (v2023.07) is **closed**.
 
-* The next branch is now **closed**.
+* The next branch is now **open**.
 
 * Release "v2023.07" is scheduled for 03 July 2023.
 
@@ -66,7 +66,7 @@ For the next scheduled release, release candidates were made on::
 
 * U-Boot v2023.07-rc1 was released on Mon 01 May 2023.
 
-.. * U-Boot v2023.07-rc2 was released on Mon 08 May 2023.
+* U-Boot v2023.07-rc2 was released on Mon 08 May 2023.
 
 .. * U-Boot v2023.07-rc3 was released on Mon 22 May 2023.