diff --git a/Makefile b/Makefile
index 769d9b8..44deb33 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@
 VERSION = 2024
 PATCHLEVEL = 07
 SUBLEVEL =
-EXTRAVERSION = -rc1
+EXTRAVERSION = -rc2
 NAME =
 
 # *DOCUMENTATION*
diff --git a/doc/develop/release_cycle.rst b/doc/develop/release_cycle.rst
index e44252f..64757b4 100644
--- a/doc/develop/release_cycle.rst
+++ b/doc/develop/release_cycle.rst
@@ -55,7 +55,7 @@
 
 * The Merge Window for the next release (v2024.07) is **closed**.
 
-* The next branch is now **closed**.
+* The next branch is now **open**.
 
 * Release "v2024.07" is scheduled for 01 July 2024.
 
@@ -69,7 +69,7 @@
 
 * U-Boot v2024.07-rc1 was released on Mon 22 April 2024.
 
-.. * U-Boot v2024.07-rc2 was released on Tue 06 May 2024.
+* U-Boot v2024.07-rc2 was released on Mon 06 May 2024.
 
 .. * U-Boot v2024.07-rc3 was released on Mon 20 May 2024.