diff --git a/CHANGELOG.md b/CHANGELOG.md
index 48db19ddf4..b15c06dbe2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,21 @@
 
 <!-- insert new changelog below this comment -->
 
+## [0.8.5] - 2026-05-04
+
+### Changed
+
+- feat(presets): add Spec2Cloud preset for Azure deployment workflow (#2413)
+- update security-review and memory-md extensions to latest versions (#2445)
+- fix: honor template overrides for tasks-template (#2278) (#2292)
+- Add token-analyzer to community catalog (#2433)
+- docs: add April 2026 newsletter (#2434)
+- feat: emit init-time notice for git extension default change (#2165) (#2432)
+- Update DyanGalih(Memory Hub and Security Review) community extensions (#2429)
+- Support controlled multi-install for safe AI agent integrations (#2389)
+- chore(integrations): clean up docs and project guard (#2428)
+- chore: release 0.8.4, begin 0.8.5.dev0 development (#2431)
+
 ## [0.8.4] - 2026-05-01
 
 ### Changed
diff --git a/pyproject.toml b/pyproject.toml
index 98920d8549..dd2e597e95 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "specify-cli"
-version = "0.8.5.dev0"
+version = "0.8.6.dev0"
 description = "Specify CLI, part of GitHub Spec Kit. A tool to bootstrap your projects for Spec-Driven Development (SDD)."
 requires-python = ">=3.11"
 dependencies = [