diff --git a/CHANGELOG.md b/CHANGELOG.md
index db178ca..659560f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 # Changelog
 
+## 1.16.0 (2024-07-26)
+
+*   Feature: Improve PHP 8.4+ support by avoiding implicitly nullable type declarations.
+    (#318 by @clue)
+
 ## 1.15.0 (2023-12-15)
 
 *   Feature: Full PHP 8.3 compatibility.
diff --git a/README.md b/README.md
index 18e3d91..e77e676 100644
--- a/README.md
+++ b/README.md
@@ -1494,7 +1494,7 @@ This project follows [SemVer](https://semver.org/).
 This will install the latest supported version:
 
 ```bash
-composer require react/socket:^1.15
+composer require react/socket:^1.16
 ```
 
 See also the [CHANGELOG](CHANGELOG.md) for details about version upgrades.