diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index aca3a49..8d17a8e 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.3.1"
+  ".": "2.3.2"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index ea32e20..95b67bd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,13 @@
 
 All notable changes to the LaunchDarkly OpenFeature provider for the Server-Side SDK for .NET will be documented in this file. This project adheres to [Semantic Versioning](http://semver.org).
 
+## [2.3.2](https://github.com/launchdarkly/openfeature-dotnet-server/compare/2.3.1...2.3.2) (2026-10-08)
+
+
+### Bug Fixes
+
+* Honor the cancellation token when waiting for initialization ([#72](https://github.com/launchdarkly/openfeature-dotnet-server/issues/72)) ([0e6432d](https://github.com/launchdarkly/openfeature-dotnet-server/commit/0e6432dc53adb9a91b471932d4c640d34587267c))
+
 ## [2.3.1](https://github.com/launchdarkly/openfeature-dotnet-server/compare/2.3.0...2.3.1) (2026-10-02)
 
 
diff --git a/src/LaunchDarkly.OpenFeature.ServerProvider/LaunchDarkly.OpenFeature.ServerProvider.csproj b/src/LaunchDarkly.OpenFeature.ServerProvider/LaunchDarkly.OpenFeature.ServerProvider.csproj
index 8f642f4..f245fca 100644
--- a/src/LaunchDarkly.OpenFeature.ServerProvider/LaunchDarkly.OpenFeature.ServerProvider.csproj
+++ b/src/LaunchDarkly.OpenFeature.ServerProvider/LaunchDarkly.OpenFeature.ServerProvider.csproj
@@ -2,7 +2,7 @@
 
   <PropertyGroup>
     <!--x-release-please-start-version-->
-    <Version>2.3.1</Version>
+    <Version>2.3.2</Version>
     <!--x-release-please-end-->
     <!-- The BUILDFRAMEWORKS variable allows us to override the target frameworks with a
          single framework that we are testing; this allows us to test with older SDK