diff --git a/DESCRIPTION b/DESCRIPTION
index f3d044584..5ec57aa57 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,7 +1,7 @@
 Package: nanonext
 Type: Package
 Title: NNG (Nanomsg Next Gen) Lightweight Messaging Library
-Version: 1.4.0.9004
+Version: 1.5.0
 Description: R binding for NNG (Nanomsg Next Gen), a successor to ZeroMQ. NNG is
     a socket library for reliable, high-performance messaging over in-process,
     IPC, TCP, WebSocket and secure TLS transports. Implements 'Scalability
diff --git a/NEWS.md b/NEWS.md
index 81eeaa064..993234f2b 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# nanonext 1.4.0.9004 (development)
+# nanonext 1.5.0
 
 #### Library Updates
 
@@ -10,7 +10,7 @@
 * `nano()` updated with the 'poly' protocol, with 'pipe' argument enabled for the send methods.
 * `write_cert()` no longer displays a status message when interactive (thanks @wlandau, #74).
 * Removes partial matching when using `$`, `[[` or `[` on an object inheriting from class 'nano'.
-* Fixes a rare hang on socket close that was possible on Windows platforms (#76).
+* Fixes a rare hang on socket close that was possible on Windows platforms for IPC connections (#76).
 
 # nanonext 1.4.0