diff --git a/CHANGELOG.md b/CHANGELOG.md
index dfc5de80..911ca5fc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,22 @@
 
 <!-- <START NEW CHANGELOG ENTRY> -->
 
+## 1.2.1
+
+([Full Changelog](https://github.com/jupyter-server/jupyter_releaser/compare/v2...0469672a12bfdcd2d1c7834e05a82aaeec59f103))
+
+### Maintenance and upkeep improvements
+
+- Fix compat with pydantic 2 [#518](https://github.com/jupyter-server/jupyter_releaser/pull/518) ([@blink1073](https://github.com/blink1073))
+
+### Contributors to this release
+
+([GitHub contributors page for this release](https://github.com/jupyter-server/jupyter_releaser/graphs/contributors?from=2023-06-20&to=2023-07-10&type=c))
+
+[@blink1073](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_releaser+involves%3Ablink1073+updated%3A2023-06-20..2023-07-10&type=Issues) | [@pre-commit-ci](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_releaser+involves%3Apre-commit-ci+updated%3A2023-06-20..2023-07-10&type=Issues)
+
+<!-- <END NEW CHANGELOG ENTRY> -->
+
 ## 1.2.0
 
 ([Full Changelog](https://github.com/jupyter-server/jupyter_releaser/compare/v2...b1388d01b8d28ea077fab281bd78ecc1c9c18773))
@@ -25,8 +41,6 @@
 
 [@blink1073](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_releaser+involves%3Ablink1073+updated%3A2023-06-19..2023-06-20&type=Issues) | [@fcollonval](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_releaser+involves%3Afcollonval+updated%3A2023-06-19..2023-06-20&type=Issues)
 
-<!-- <END NEW CHANGELOG ENTRY> -->
-
 ## 1.1.6
 
 ([Full Changelog](https://github.com/jupyter-server/jupyter_releaser/compare/v2...0b4c9cc2b257e799794c6d02735b659da09e2336))
diff --git a/jupyter_releaser/__init__.py b/jupyter_releaser/__init__.py
index e230d639..7a1dead4 100644
--- a/jupyter_releaser/__init__.py
+++ b/jupyter_releaser/__init__.py
@@ -1,3 +1,3 @@
 # Copyright (c) Jupyter Development Team.
 # Distributed under the terms of the Modified BSD License.
-__version__ = "1.3.0.dev0"
+__version__ = "1.2.1"