diff --git a/CHANGELOG.md b/CHANGELOG.md
index 032c6b136b..fd6d970440 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,23 @@ All notable changes to this project will be documented in this file.
 
 <!-- <START NEW CHANGELOG ENTRY> -->
 
+## 2.12.1
+
+([Full Changelog](https://github.com/jupyter-server/jupyter_server/compare/v2.12.0...a59beb9b7bf3decc00af782821561435f47bbb16))
+
+### Enhancements made
+
+- log extension import time at debug level unless it's actually slow [#1375](https://github.com/jupyter-server/jupyter_server/pull/1375) ([@minrk](https://github.com/minrk))
+- Add support for async Authorizers (part 2) [#1374](https://github.com/jupyter-server/jupyter_server/pull/1374) ([@Zsailer](https://github.com/Zsailer))
+
+### Contributors to this release
+
+([GitHub contributors page for this release](https://github.com/jupyter-server/jupyter_server/graphs/contributors?from=2023-12-05&to=2023-12-06&type=c))
+
+[@minrk](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3Aminrk+updated%3A2023-12-05..2023-12-06&type=Issues) | [@Zsailer](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3AZsailer+updated%3A2023-12-05..2023-12-06&type=Issues)
+
+<!-- <END NEW CHANGELOG ENTRY> -->
+
 ## 2.12.0
 
 ([Full Changelog](https://github.com/jupyter-server/jupyter_server/compare/v2.11.2...3bd347b6f2ead5897a18c6171db1174eaaf6176d))
@@ -23,8 +40,6 @@ All notable changes to this project will be documented in this file.
 
 [@blink1073](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3Ablink1073+updated%3A2023-12-04..2023-12-05&type=Issues) | [@pre-commit-ci](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3Apre-commit-ci+updated%3A2023-12-04..2023-12-05&type=Issues) | [@Zsailer](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3AZsailer+updated%3A2023-12-04..2023-12-05&type=Issues)
 
-<!-- <END NEW CHANGELOG ENTRY> -->
-
 ## 2.11.2
 
 ([Full Changelog](https://github.com/jupyter-server/jupyter_server/compare/v2.11.1))
diff --git a/jupyter_server/_version.py b/jupyter_server/_version.py
index 7c3a58b21f..45cb8501b5 100644
--- a/jupyter_server/_version.py
+++ b/jupyter_server/_version.py
@@ -6,7 +6,7 @@
 from typing import List
 
 # Version string must appear intact for automatic versioning
-__version__ = "2.13.0.dev0"
+__version__ = "2.12.1"
 
 # Build up version_info tuple for backwards compatibility
 pattern = r"(?P<major>\d+).(?P<minor>\d+).(?P<patch>\d+)(?P<rest>.*)"