diff --git a/Makefile b/Makefile
index 5fc16b3b1f..96c3f14a84 100644
--- a/Makefile
+++ b/Makefile
@@ -1,9 +1,9 @@
 # SPDX-License-Identifier: GPL-2.0+
 
 VERSION = 2023
-PATCHLEVEL = 07
+PATCHLEVEL = 10
 SUBLEVEL =
-EXTRAVERSION =
+EXTRAVERSION = -rc1
 NAME =
 
 # *DOCUMENTATION*
diff --git a/doc/develop/release_cycle.rst b/doc/develop/release_cycle.rst
index eca128fc8a..46bc200e48 100644
--- a/doc/develop/release_cycle.rst
+++ b/doc/develop/release_cycle.rst
@@ -50,8 +50,7 @@ Current Status
 
 * U-Boot v2023.07 was released on Mon 10 July 2023.
 
-* The Merge Window for the next release (v2023.10) is **open** until the -rc1
-  release on Mon 24 July 2023.
+* The Merge Window for the next release (v2023.10) is **closed**.
 
 * The next branch is now **closed**.
 
@@ -63,9 +62,9 @@ Future Releases
 .. The following commented out dates are for when release candidates are
    planned to be tagged.
 
-.. For the next scheduled release, release candidates were made on::
+For the next scheduled release, release candidates were made on::
 
-.. * U-Boot v2023.10-rc1 was released on Mon 24 July 2023.
+* U-Boot v2023.10-rc1 was released on Tue 25 July 2023.
 
 .. * U-Boot v2023.10-rc2 was released on Mon 07 August 2023.