diff --git a/CHANGELOG.md b/CHANGELOG.md
index f6da2dd67..bc3bc688a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # PowerShell Editor Services Release History
 
+## v3.4.6
+### Monday, July 11, 2022
+
+- 🐛 🛫 [PowerShellEditorServices #1849](https://github.com/PowerShell/PowerShellEditorServices/pull/1851) - Add `Directory.Exists()` check to `SetInitialWorkingDirectoryAsync()`.
+- ✨ 🚨 [PowerShellEditorServices #1850](https://github.com/PowerShell/PowerShellEditorServices/pull/1850) - Catch `OperationCanceledException` in both command loops.
+- ✨ 🚨 [PowerShellEditorServices #1793](https://github.com/PowerShell/PowerShellEditorServices/pull/1848) - Improve CI stability.
+- ✨ 🚨 [PowerShellEditorServices #1846](https://github.com/PowerShell/PowerShellEditorServices/pull/1846) - Add end-to-end Pester unit test.
+
 ## v3.4.5
 ### Wednesday, June 29, 2022
 
diff --git a/PowerShellEditorServices.Common.props b/PowerShellEditorServices.Common.props
index 2fb544491..8fd220ad4 100644
--- a/PowerShellEditorServices.Common.props
+++ b/PowerShellEditorServices.Common.props
@@ -1,6 +1,6 @@
 <Project>
   <PropertyGroup>
-    <VersionPrefix>3.4.5</VersionPrefix>
+    <VersionPrefix>3.4.6</VersionPrefix>
     <VersionSuffix></VersionSuffix>
     <Company>Microsoft</Company>
     <Copyright>© Microsoft Corporation.</Copyright>
diff --git a/module/PowerShellEditorServices/PowerShellEditorServices.psd1 b/module/PowerShellEditorServices/PowerShellEditorServices.psd1
index 2640a8239..83b50cd1e 100644
--- a/module/PowerShellEditorServices/PowerShellEditorServices.psd1
+++ b/module/PowerShellEditorServices/PowerShellEditorServices.psd1
@@ -19,7 +19,7 @@ RootModule = if ($PSEdition -eq 'Core')
     }
 
 # Version number of this module.
-ModuleVersion = '3.4.5'
+ModuleVersion = '3.4.6'
 
 # ID used to uniquely identify this module
 GUID = '9ca15887-53a2-479a-9cda-48d26bcb6c47'