diff --git a/misc/dist/osx_tools.app/Contents/Info.plist b/misc/dist/osx_tools.app/Contents/Info.plist
index a32c8f34171..3f94258dea8 100644
--- a/misc/dist/osx_tools.app/Contents/Info.plist
+++ b/misc/dist/osx_tools.app/Contents/Info.plist
@@ -19,11 +19,11 @@
 	<key>CFBundlePackageType</key>
 	<string>APPL</string>
 	<key>CFBundleShortVersionString</key>
-	<string>3.4.4</string>
+	<string>3.4.5</string>
 	<key>CFBundleSignature</key>
 	<string>godot</string>
 	<key>CFBundleVersion</key>
-	<string>3.4.4</string>
+	<string>3.4.5</string>
 	<key>NSMicrophoneUsageDescription</key>
 	<string>Microphone access is required to capture audio.</string>
 	<key>NSCameraUsageDescription</key>
diff --git a/misc/dist/windows/godot.iss b/misc/dist/windows/godot.iss
index 07e7aa4c3bf..72466f53ba9 100644
--- a/misc/dist/windows/godot.iss
+++ b/misc/dist/windows/godot.iss
@@ -1,5 +1,5 @@
 #define MyAppName "Godot Engine"
-#define MyAppVersion "3.4.4"
+#define MyAppVersion "3.4.5"
 #define MyAppPublisher "Godot Engine contributors"
 #define MyAppURL "https://godotengine.org/"
 #define MyAppExeName "godot.exe"
diff --git a/version.py b/version.py
index 9cfec7a61a1..32efdcf6c4c 100644
--- a/version.py
+++ b/version.py
@@ -2,8 +2,8 @@ short_name = "godot"
 name = "Godot Engine"
 major = 3
 minor = 4
-patch = 4
-status = "stable"
+patch = 5
+status = "rc"
 module_config = ""
 year = 2022
 website = "https://godotengine.org"