diff --git a/manageiq-messaging.gemspec b/manageiq-messaging.gemspec
index 956b818..74cb1d9 100644
--- a/manageiq-messaging.gemspec
+++ b/manageiq-messaging.gemspec
@@ -6,7 +6,7 @@ require 'manageiq/messaging/version'
 Gem::Specification.new do |spec|
   spec.name                  = "manageiq-messaging"
   spec.version               = ManageIQ::Messaging::VERSION
-  spec.required_ruby_version = '>= 2.4'
+  spec.required_ruby_version = '>= 3.1'
   spec.authors               = ["ManageIQ Authors"]
 
   spec.summary       = 'Client library for ManageIQ components to exchange messages through its internal message bus.'
@@ -26,7 +26,7 @@ Gem::Specification.new do |spec|
   spec.executables   = spec.files.grep(%r{^exe/}) { |f| File.basename(f) }
   spec.require_paths = ["lib"]
 
-  spec.add_dependency 'activesupport', '>= 5.2.4.3', "<7.1"
+  spec.add_dependency 'activesupport', '>= 7.0.8', "<8.0"
   spec.add_dependency 'rdkafka', '~> 0.8'
   spec.add_dependency 'stomp', '~> 1.4.4'