diff --git a/edx_proctoring/__init__.py b/edx_proctoring/__init__.py
index da288ef47d1..45d1a5810be 100644
--- a/edx_proctoring/__init__.py
+++ b/edx_proctoring/__init__.py
@@ -5,6 +5,6 @@
 from __future__ import absolute_import
 
 # Be sure to update the version number in edx_proctoring/package.json
-__version__ = '1.5.0rc2'
+__version__ = '1.5.0rc3'
 
 default_app_config = 'edx_proctoring.apps.EdxProctoringConfig'  # pylint: disable=invalid-name
diff --git a/package.json b/package.json
index 122850b2e29..dc3bbed56eb 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
   "name": "@edx/edx-proctoring",
   "//": "Be sure to update the version number in edx_proctoring/__init__.py",
   "//": "Note that the version format is slightly different than that of the Python version when using prereleases.",
-  "version": "1.5.0-rc.2",
+  "version": "1.5.0-rc.3",
   "main": "edx_proctoring/static/index.js",
   "repository": {
     "type": "git",