diff --git a/3rd-party/prrte b/3rd-party/prrte
index 0ff51bd532e..222f03fbb98 160000
--- a/3rd-party/prrte
+++ b/3rd-party/prrte
@@ -1 +1 @@
-Subproject commit 0ff51bd532e0a95483cafdc290d22a6cb55a9aef
+Subproject commit 222f03fbb98b71abd293aa205b38fa9a38e57965
diff --git a/VERSION b/VERSION
index c10fb266c4a..5e1a6d0bc29 100644
--- a/VERSION
+++ b/VERSION
@@ -41,7 +41,7 @@ flex_min_version=2.5.4
 # requirement is that it must be entirely printable ASCII characters
 # and have no white space.
 
-greek=rc2
+greek=rc3
 
 # If repo_rev is empty, then the repository version number will be
 # obtained during "make dist" via the "git describe --tags --always"
diff --git a/docs/release-notes/changelog/v5.0.x.rst b/docs/release-notes/changelog/v5.0.x.rst
index a656b61d959..57718b29dda 100644
--- a/docs/release-notes/changelog/v5.0.x.rst
+++ b/docs/release-notes/changelog/v5.0.x.rst
@@ -4,6 +4,14 @@ Open MPI v5.0.x series
 This file contains all the NEWS updates for the Open MPI v5.0.x
 series, in reverse chronological order.
 
+Open MPI Version v5.0.8rc3
+------------------------------
+:Date: 19 May 2025
+
+- Internal PMIx and PRRTe versions:
+  - PMIx (v5.0.8). Repo: ``https://github.com/openpmix/openpmix``. Commit hash: ``907b1ccaeec61a1197f0ee5264d4fef20b257b84``.
+  - PRRTE (v3.0.11). Repo: ``https://github.com/openpmix/prrte``. Commit hash: ``222f03fbb98b71abd293aa205b38fa9a38e57965``.
+
 Open MPI Version v5.0.8rc2
 ------------------------------
 :Date: 12 May 2025