diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 52cc0acca..06259d485 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.8.0b3
+current_version = 1.8.0rc1
 parse = (?P<major>[\d]+) # major version number
 	\.(?P<minor>[\d]+) # minor version number
 	\.(?P<patch>[\d]+) # patch version number
diff --git a/.changes/1.8.0-rc1.md b/.changes/1.8.0-rc1.md
new file mode 100644
index 000000000..204a8526e
--- /dev/null
+++ b/.changes/1.8.0-rc1.md
@@ -0,0 +1,5 @@
+## dbt-redshift 1.8.0-rc1 - May 03, 2024
+
+### Features
+
+- Support TableLastModifiedMetadataBatch capability ([#755](https://github.com/dbt-labs/dbt-redshift/issues/755))
diff --git a/.changes/unreleased/Features-20240404-171441.yaml b/.changes/1.8.0/Features-20240404-171441.yaml
similarity index 100%
rename from .changes/unreleased/Features-20240404-171441.yaml
rename to .changes/1.8.0/Features-20240404-171441.yaml
diff --git a/CHANGELOG.md b/CHANGELOG.md
index f45988f03..8cccb342e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,14 @@
 - "Breaking changes" listed under a version may require action from end users or external maintainers when upgrading to that version.
 - Do not edit this file directly. This file is auto-generated using [changie](https://github.com/miniscruff/changie). For details on how to document a change, see [the contributing guide](https://github.com/dbt-labs/dbt-redshift/blob/main/CONTRIBUTING.md#adding-changelog-entry)
 
+## dbt-redshift 1.8.0-rc1 - May 03, 2024
+
+### Features
+
+- Support TableLastModifiedMetadataBatch capability ([#755](https://github.com/dbt-labs/dbt-redshift/issues/755))
+
+
+
 ## dbt-redshift 1.8.0-b3 - April 18, 2024
 
 ### Fixes
@@ -22,7 +30,6 @@
 ### Contributors
 - [@holly-evans](https://github.com/holly-evans) ([#705](https://github.com/dbt-labs/dbt-redshift/issues/705))
 
-
 ## dbt-redshift 1.8.0-b2 - April 03, 2024
 
 ### Features
diff --git a/dbt/adapters/redshift/__version__.py b/dbt/adapters/redshift/__version__.py
index b0f82cbca..037ac1faf 100644
--- a/dbt/adapters/redshift/__version__.py
+++ b/dbt/adapters/redshift/__version__.py
@@ -1 +1 @@
-version = "1.8.0b3"
+version = "1.8.0rc1"