diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index c5ee788436e..05d92ef3691 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -42,6 +42,18 @@ v32.1.0 (next, roadmap)
   See https://github.com/nexB/scancode-toolkit/issues/1745
 
 
+v32.0.5rc1 - 2023-06-12
+------------------------
+
+This is a minor bugfix release with the following updates:
+
+- A new `--todo` option is added to show the todo items that
+  should be reviewed, which are ambiguous license/package
+  detections.
+
+- New licenses and license detection rules. And other license
+  detection fixes.
+
 v32.0.4 - 2023-06-07
 ---------------------
 
diff --git a/setup-mini.cfg b/setup-mini.cfg
index 43c1e641fe3..1a6fcbd9651 100644
--- a/setup-mini.cfg
+++ b/setup-mini.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = scancode-toolkit-mini
-version = 32.0.4
+version = 32.0.5rc1
 license = Apache-2.0 AND CC-BY-4.0 AND LicenseRef-scancode-other-permissive AND LicenseRef-scancode-other-copyleft
 
 # description must be on ONE line https://github.com/pypa/setuptools/issues/1390
diff --git a/setup.cfg b/setup.cfg
index ab239cf7892..ed308cfc2f2 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = scancode-toolkit
-version = 32.0.4
+version = 32.0.5rc1
 license = Apache-2.0 AND CC-BY-4.0 AND LicenseRef-scancode-other-permissive AND LicenseRef-scancode-other-copyleft
 
 # description must be on ONE line https://github.com/pypa/setuptools/issues/1390
diff --git a/src/scancode_config.py b/src/scancode_config.py
index c2e54f1b401..c87024690ba 100644
--- a/src/scancode_config.py
+++ b/src/scancode_config.py
@@ -132,7 +132,7 @@ def _create_dir(location):
 # 4. hardcoded This is the default, fallback version in case package is not installed or we
 # do not have a proper version otherwise.
 if not __version__:
-    __version__ = '32.0.4'
+    __version__ = '32.0.5rc1'
 
 #######################
 # used to warn user when the version is out of date