diff --git a/META b/META
index 1a9c671feac6..42f65290e4e3 100644
--- a/META
+++ b/META
@@ -1,10 +1,10 @@
 Meta:          1
 Name:          zfs
 Branch:        1.0
-Version:       2.3.99
-Release:       1
+Version:       2.4.0
+Release:       rc1
 Release-Tags:  relext
 License:       CDDL
 Author:        OpenZFS
 Linux-Maximum: 6.16
 Linux-Minimum: 4.18