diff --git a/CHANGELOG.md b/CHANGELOG.md
index a87dfbbe..a01e2276 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
-# Unreleased
+# Release 4.16.0rc2 (June 25, 2026)
 
-- Avoid a `DeprecationWarning` when applying `deprecated` to a coroutine function on
+- Avoid a `DeprecationWarning` when `deprecated` is applied to a coroutine function on
   Python 3.14.0.
 
 # Release 4.16.0rc1 (June 24, 2026)
diff --git a/pyproject.toml b/pyproject.toml
index 2735b402..8e25678c 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -6,7 +6,7 @@ build-backend = "flit_core.buildapi"
 # Project metadata
 [project]
 name = "typing_extensions"
-version = "4.16.0rc1.dev"
+version = "4.16.0rc2"
 description = "Backported and Experimental Type Hints for Python 3.9+"
 readme = "README.md"
 requires-python = ">=3.9"