diff --git a/CHANGELOG.md b/CHANGELOG.md
index 938b76f7a..09b1a3c6f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,11 @@ and this repository adheres to [Semantic Versioning](https://semver.org/spec/v2.
 
 ## Unreleased
 
+## v1.24.1 - 2023-05-17
+
+### Bugfixes
+- Include `profiling.data.format` attribute in profiling data for GDI spec compliance (#1278)
+
 ## v1.24.0 - 2023-05-11
 
 ### General
diff --git a/README.md b/README.md
index bd8d58fb9..25df7e440 100644
--- a/README.md
+++ b/README.md
@@ -104,7 +104,7 @@ To extend the instrumentation with the OpenTelemetry Instrumentation for Java,
 you have to use a compatible API version.
 
 <!-- IMPORTANT: do not change comments or break those lines below -->
-The Splunk Distribution of OpenTelemetry Java version <!--SPLUNK_VERSION-->1.24.0<!--SPLUNK_VERSION--> is compatible
+The Splunk Distribution of OpenTelemetry Java version <!--SPLUNK_VERSION-->1.24.1<!--SPLUNK_VERSION--> is compatible
 with:
 
 * OpenTelemetry API version <!--OTEL_VERSION-->1.26.0<!--OTEL_VERSION-->
diff --git a/deployments/cloudfoundry/buildpack/README.md b/deployments/cloudfoundry/buildpack/README.md
index 5bed4208c..2a8bf351d 100644
--- a/deployments/cloudfoundry/buildpack/README.md
+++ b/deployments/cloudfoundry/buildpack/README.md
@@ -40,7 +40,7 @@ If you want to use a specific version of the Java agent in your application, you
 environment variable before application deployment, either using `cf set-env` or the `manifest.yml` file:
 
 ```sh
-$ cf set-env SPLUNK_OTEL_JAVA_VERSION 1.24.0
+$ cf set-env SPLUNK_OTEL_JAVA_VERSION 1.24.1
 ```
 
 By default, the [latest](https://github.com/signalfx/splunk-otel-java/releases/latest) available agent version is used.