diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 15df6c7b1574..3fa13289fe0c 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.116.1"
+  ".": "2.116.2"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 612e61075e5d..7c629092ffd7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [2.116.2](https://github.com/Flagsmith/flagsmith/compare/v2.116.1...v2.116.2) (2024-05-22)
+
+
+### Bug Fixes
+
+* **versioning:** segment overrides limit ([#4007](https://github.com/Flagsmith/flagsmith/issues/4007)) ([918b731](https://github.com/Flagsmith/flagsmith/commit/918b73148e180d91e794ea8b840310b61ffe6300))
+
 ## [2.116.1](https://github.com/Flagsmith/flagsmith/compare/v2.116.0...v2.116.1) (2024-05-21)
 
 
diff --git a/version.txt b/version.txt
index 06fa0853c9cb..48231ba686cd 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-2.116.1
+2.116.2