diff --git a/PSReadLine/Changes.txt b/PSReadLine/Changes.txt
index 1ab063e..f3d2777 100644
--- a/PSReadLine/Changes.txt
+++ b/PSReadLine/Changes.txt
@@ -1,3 +1,10 @@
+### [2.4.2-beta2] - 2025-04-16
+
+- Add a private field to indicate if PSReadLine is initialized and ready (#4706)
+- Use CFS for installing module and deploy box for module publish (#4700)
+
+[2.4.2-beta2]: https://github.com/PowerShell/PSReadLine/compare/v2.4.1-beta1...v2.4.2-beta2
+
 ### [2.4.1-beta1] - 2025-02-28
 
 #### Code Changes
diff --git a/PSReadLine/PSReadLine.csproj b/PSReadLine/PSReadLine.csproj
index b9c3b23..1c8090f 100644
--- a/PSReadLine/PSReadLine.csproj
+++ b/PSReadLine/PSReadLine.csproj
@@ -5,9 +5,9 @@
     <RootNamespace>Microsoft.PowerShell.PSReadLine</RootNamespace>
     <AssemblyName>Microsoft.PowerShell.PSReadLine</AssemblyName>
     <NoWarn>$(NoWarn);CA1416</NoWarn>
-    <AssemblyVersion>2.4.1.0</AssemblyVersion>
-    <FileVersion>2.4.1</FileVersion>
-    <InformationalVersion>2.4.1-beta1</InformationalVersion>
+    <AssemblyVersion>2.4.2.0</AssemblyVersion>
+    <FileVersion>2.4.2</FileVersion>
+    <InformationalVersion>2.4.2-beta2</InformationalVersion>
     <CheckForOverflowUnderflow>true</CheckForOverflowUnderflow>
     <TargetFramework>netstandard2.0</TargetFramework>
     <SuppressNETCoreSdkPreviewMessage>true</SuppressNETCoreSdkPreviewMessage>
diff --git a/PSReadLine/PSReadLine.psd1 b/PSReadLine/PSReadLine.psd1
index 2f72646..543d3f4 100644
--- a/PSReadLine/PSReadLine.psd1
+++ b/PSReadLine/PSReadLine.psd1
@@ -1,7 +1,7 @@
 @{
 RootModule = 'PSReadLine.psm1'
 NestedModules = @("Microsoft.PowerShell.PSReadLine.dll")
-ModuleVersion = '2.4.1'
+ModuleVersion = '2.4.2'
 GUID = '5714753b-2afd-4492-a5fd-01d9e2cff8b5'
 Author = 'Microsoft Corporation'
 CompanyName = 'Microsoft Corporation'