diff --git a/instrumentation/dalli/CHANGELOG.md b/instrumentation/dalli/CHANGELOG.md
index 02d2d843cb..1c98e548a9 100644
--- a/instrumentation/dalli/CHANGELOG.md
+++ b/instrumentation/dalli/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Release History: opentelemetry-instrumentation-dalli
 
+### v0.27.3 / 2025-05-27
+
+* FIXED: Compact Dalli attributes
+
 ### v0.27.2 / 2025-04-30
 
 * FIXED: Do not pollute the `OpenTelemetry::Instrumentation` namespace
diff --git a/instrumentation/dalli/lib/opentelemetry/instrumentation/dalli/version.rb b/instrumentation/dalli/lib/opentelemetry/instrumentation/dalli/version.rb
index 891f0ecced..5c1240ac2e 100644
--- a/instrumentation/dalli/lib/opentelemetry/instrumentation/dalli/version.rb
+++ b/instrumentation/dalli/lib/opentelemetry/instrumentation/dalli/version.rb
@@ -7,7 +7,7 @@
 module OpenTelemetry
   module Instrumentation
     module Dalli
-      VERSION = '0.27.2'
+      VERSION = '0.27.3'
     end
   end
 end