diff --git a/CHANGELOG.md b/CHANGELOG.md
index 71d939b1d..b21728079 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,14 @@
 
 [1]: https://www.npmjs.com/package/release-please?activeTab=versions
 
+## [16.3.1](https://github.com/googleapis/release-please/compare/v16.3.0...v16.3.1) (2023-11-27)
+
+
+### Bug Fixes
+
+* Backfill files by commit for rebased PRs ([#2141](https://github.com/googleapis/release-please/issues/2141)) ([ee6d82f](https://github.com/googleapis/release-please/commit/ee6d82ffd27dd121fd0d73437456680d9d54dc98))
+* Pass prerelease to buildVersioningStrategy ([#2133](https://github.com/googleapis/release-please/issues/2133)) ([c9450df](https://github.com/googleapis/release-please/commit/c9450dffd7af3646a214d01a9b368ebab720be53))
+
 ## [16.3.0](https://github.com/googleapis/release-please/compare/v16.2.0...v16.3.0) (2023-11-10)
 
 
diff --git a/package-lock.json b/package-lock.json
index aa11e4aee..a299a2f27 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "release-please",
-  "version": "16.3.0",
+  "version": "16.3.1",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "release-please",
-      "version": "16.3.0",
+      "version": "16.3.1",
       "license": "Apache-2.0",
       "dependencies": {
         "@conventional-commits/parser": "^0.4.1",
diff --git a/package.json b/package.json
index ccb732642..d6a125a3c 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "release-please",
-  "version": "16.3.0",
+  "version": "16.3.1",
   "description": "generate release PRs based on the conventionalcommits.org spec",
   "main": "./build/src/index.js",
   "bin": "./build/src/bin/release-please.js",