diff --git a/charts/opentelemetry-operator/Chart.yaml b/charts/opentelemetry-operator/Chart.yaml
index 796026c81..25aa3b746 100644
--- a/charts/opentelemetry-operator/Chart.yaml
+++ b/charts/opentelemetry-operator/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v2
 name: opentelemetry-operator
-version: 0.76.0
+version: 0.77.0
 description: OpenTelemetry Operator Helm chart for Kubernetes
 type: application
 home: https://opentelemetry.io/
@@ -12,4 +12,4 @@ maintainers:
   - name: jaronoff97
   - name: TylerHelmuth
 icon: https://raw.githubusercontent.com/cncf/artwork/a718fa97fffec1b9fd14147682e9e3ac0c8817cb/projects/opentelemetry/icon/color/opentelemetry-icon-color.png
-appVersion: 0.115.0
+appVersion: 0.116.0
diff --git a/charts/opentelemetry-operator/conf/crds/crd-opentelemetry.io_opampbridges.yaml b/charts/opentelemetry-operator/conf/crds/crd-opentelemetry.io_opampbridges.yaml
index 7b06bf735..10dd031b5 100644
--- a/charts/opentelemetry-operator/conf/crds/crd-opentelemetry.io_opampbridges.yaml
+++ b/charts/opentelemetry-operator/conf/crds/crd-opentelemetry.io_opampbridges.yaml
@@ -4,7 +4,7 @@ kind: CustomResourceDefinition
 metadata:
   annotations:
     cert-manager.io/inject-ca-from: {{ include "opentelemetry-operator.webhookCertAnnotation" . }}
-    controller-gen.kubebuilder.io/version: v0.16.1
+    controller-gen.kubebuilder.io/version: v0.16.5
   creationTimestamp: null
   labels:
     app.kubernetes.io/name: opentelemetry-operator
diff --git a/charts/opentelemetry-operator/conf/crds/crd-opentelemetrycollector.yaml b/charts/opentelemetry-operator/conf/crds/crd-opentelemetrycollector.yaml
index 103175cf9..b438d5163 100644
--- a/charts/opentelemetry-operator/conf/crds/crd-opentelemetrycollector.yaml
+++ b/charts/opentelemetry-operator/conf/crds/crd-opentelemetrycollector.yaml
@@ -4,7 +4,7 @@ kind: CustomResourceDefinition
 metadata:
   annotations:
     cert-manager.io/inject-ca-from: {{ include "opentelemetry-operator.webhookCertAnnotation" . }}
-    controller-gen.kubebuilder.io/version: v0.16.1
+    controller-gen.kubebuilder.io/version: v0.16.5
   creationTimestamp: null
   labels:
     app.kubernetes.io/name: opentelemetry-operator
diff --git a/charts/opentelemetry-operator/conf/crds/crd-opentelemetryinstrumentation.yaml b/charts/opentelemetry-operator/conf/crds/crd-opentelemetryinstrumentation.yaml
index 9d42b15f3..bddae333c 100644
--- a/charts/opentelemetry-operator/conf/crds/crd-opentelemetryinstrumentation.yaml
+++ b/charts/opentelemetry-operator/conf/crds/crd-opentelemetryinstrumentation.yaml
@@ -3,7 +3,7 @@ apiVersion: apiextensions.k8s.io/v1
 kind: CustomResourceDefinition
 metadata:
   annotations:
-    controller-gen.kubebuilder.io/version: v0.16.1
+    controller-gen.kubebuilder.io/version: v0.16.5
   creationTimestamp: null
   labels:
     app.kubernetes.io/name: opentelemetry-operator
diff --git a/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml b/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
index 049200dad..7cd41a540 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
@@ -6,9 +6,9 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
@@ -90,9 +90,9 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook.yaml b/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook.yaml
index 148aba5da..25a5e44b7 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook.yaml
@@ -5,7 +5,7 @@ kind: CustomResourceDefinition
 metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
-    controller-gen.kubebuilder.io/version: v0.16.1
+    controller-gen.kubebuilder.io/version: v0.16.5
   creationTimestamp: null
   labels:
     app.kubernetes.io/name: opentelemetry-operator
@@ -1771,7 +1771,7 @@ kind: CustomResourceDefinition
 metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
-    controller-gen.kubebuilder.io/version: v0.16.1
+    controller-gen.kubebuilder.io/version: v0.16.5
   creationTimestamp: null
   labels:
     app.kubernetes.io/name: opentelemetry-operator
@@ -11069,7 +11069,7 @@ apiVersion: apiextensions.k8s.io/v1
 kind: CustomResourceDefinition
 metadata:
   annotations:
-    controller-gen.kubebuilder.io/version: v0.16.1
+    controller-gen.kubebuilder.io/version: v0.16.5
   creationTimestamp: null
   labels:
     app.kubernetes.io/name: opentelemetry-operator
diff --git a/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml b/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
index 63b7fb14a..755673d79 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
@@ -4,9 +4,9 @@ apiVersion: cert-manager.io/v1
 kind: Certificate
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
@@ -29,9 +29,9 @@ apiVersion: cert-manager.io/v1
 kind: Issuer
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml b/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
index bd2f2d367..54d649009 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -222,9 +222,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -240,9 +240,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml b/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
index 4b9e34fd0..09c22d184 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -25,9 +25,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml b/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
index b0848191d..04e10f32d 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
@@ -4,9 +4,9 @@ apiVersion: apps/v1
 kind: Deployment
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -33,13 +33,13 @@ spec:
             - --enable-leader-election
             - --health-probe-addr=:8081
             - --webhook-port=9443
-            - --collector-image=otel/opentelemetry-collector-k8s:0.115.1
+            - --collector-image=otel/opentelemetry-collector-k8s:0.116.1
           command:
             - /manager
           env:
             - name: ENABLE_WEBHOOKS
               value: "true"
-          image: "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:0.115.0"
+          image: "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:0.116.0"
           name: manager
           ports:
             - containerPort: 8080
diff --git a/charts/opentelemetry-operator/examples/default/rendered/role.yaml b/charts/opentelemetry-operator/examples/default/rendered/role.yaml
index 0aa355945..0396e2e47 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/role.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/role.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: Role
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml b/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
index f51067c0a..ce388a089 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: RoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/service.yaml b/charts/opentelemetry-operator/examples/default/rendered/service.yaml
index f1bb46755..af0fea980 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/service.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/service.yaml
@@ -4,9 +4,9 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -31,9 +31,9 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml b/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
index df1a0fa70..8a9967354 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
@@ -6,9 +6,9 @@ metadata:
   name: opentelemetry-operator
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml b/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
index c1e74a982..774d850f3 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
@@ -6,9 +6,9 @@ metadata:
   name: "example-opentelemetry-operator-cert-manager"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml b/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
index 01e2748c3..9d9166a16 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
@@ -6,9 +6,9 @@ metadata:
   name: "example-opentelemetry-operator-metrics"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -43,9 +43,9 @@ metadata:
   name: "example-opentelemetry-operator-webhook"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
index 049200dad..7cd41a540 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
@@ -6,9 +6,9 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
@@ -90,9 +90,9 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/admission-webhooks/operator-webhook.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/admission-webhooks/operator-webhook.yaml
index 148aba5da..25a5e44b7 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/admission-webhooks/operator-webhook.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/admission-webhooks/operator-webhook.yaml
@@ -5,7 +5,7 @@ kind: CustomResourceDefinition
 metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
-    controller-gen.kubebuilder.io/version: v0.16.1
+    controller-gen.kubebuilder.io/version: v0.16.5
   creationTimestamp: null
   labels:
     app.kubernetes.io/name: opentelemetry-operator
@@ -1771,7 +1771,7 @@ kind: CustomResourceDefinition
 metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
-    controller-gen.kubebuilder.io/version: v0.16.1
+    controller-gen.kubebuilder.io/version: v0.16.5
   creationTimestamp: null
   labels:
     app.kubernetes.io/name: opentelemetry-operator
@@ -11069,7 +11069,7 @@ apiVersion: apiextensions.k8s.io/v1
 kind: CustomResourceDefinition
 metadata:
   annotations:
-    controller-gen.kubebuilder.io/version: v0.16.1
+    controller-gen.kubebuilder.io/version: v0.16.5
   creationTimestamp: null
   labels:
     app.kubernetes.io/name: opentelemetry-operator
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/certmanager.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/certmanager.yaml
index 63b7fb14a..755673d79 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/certmanager.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/certmanager.yaml
@@ -4,9 +4,9 @@ apiVersion: cert-manager.io/v1
 kind: Certificate
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
@@ -29,9 +29,9 @@ apiVersion: cert-manager.io/v1
 kind: Issuer
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/clusterrole.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/clusterrole.yaml
index 1d81ddc33..5250a7cd1 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/clusterrole.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/clusterrole.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -256,9 +256,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -274,9 +274,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/clusterrolebinding.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/clusterrolebinding.yaml
index 4b9e34fd0..09c22d184 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/clusterrolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/clusterrolebinding.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -25,9 +25,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/deployment.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/deployment.yaml
index ec77737ae..a24a1df9b 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/deployment.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/deployment.yaml
@@ -4,9 +4,9 @@ apiVersion: apps/v1
 kind: Deployment
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -33,14 +33,14 @@ spec:
             - --enable-leader-election
             - --health-probe-addr=:8081
             - --webhook-port=9443
-            - --collector-image=otel/opentelemetry-collector-k8s:0.115.1
+            - --collector-image=otel/opentelemetry-collector-k8s:0.116.1
             - --feature-gates=operator.targetallocator.mtls
           command:
             - /manager
           env:
             - name: ENABLE_WEBHOOKS
               value: "true"
-          image: "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:0.115.0"
+          image: "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:0.116.0"
           name: manager
           ports:
             - containerPort: 8080
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/role.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/role.yaml
index 0aa355945..0396e2e47 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/role.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/role.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: Role
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/rolebinding.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/rolebinding.yaml
index f51067c0a..ce388a089 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/rolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/rolebinding.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: RoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/service.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/service.yaml
index f1bb46755..af0fea980 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/service.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/service.yaml
@@ -4,9 +4,9 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -31,9 +31,9 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/serviceaccount.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/serviceaccount.yaml
index df1a0fa70..8a9967354 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/serviceaccount.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/serviceaccount.yaml
@@ -6,9 +6,9 @@ metadata:
   name: opentelemetry-operator
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/tests/test-certmanager-connection.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/tests/test-certmanager-connection.yaml
index c1e74a982..774d850f3 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/tests/test-certmanager-connection.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/tests/test-certmanager-connection.yaml
@@ -6,9 +6,9 @@ metadata:
   name: "example-opentelemetry-operator-cert-manager"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/feature-gates/rendered/tests/test-service-connection.yaml b/charts/opentelemetry-operator/examples/feature-gates/rendered/tests/test-service-connection.yaml
index 01e2748c3..9d9166a16 100644
--- a/charts/opentelemetry-operator/examples/feature-gates/rendered/tests/test-service-connection.yaml
+++ b/charts/opentelemetry-operator/examples/feature-gates/rendered/tests/test-service-connection.yaml
@@ -6,9 +6,9 @@ metadata:
   name: "example-opentelemetry-operator-metrics"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -43,9 +43,9 @@ metadata:
   name: "example-opentelemetry-operator-webhook"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.76.0
+    helm.sh/chart: opentelemetry-operator-0.77.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.115.0"
+    app.kubernetes.io/version: "0.116.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/values.yaml b/charts/opentelemetry-operator/values.yaml
index aace7e992..7690698e7 100644
--- a/charts/opentelemetry-operator/values.yaml
+++ b/charts/opentelemetry-operator/values.yaml
@@ -42,7 +42,7 @@ manager:
     tag: ""
   collectorImage:
     repository: ""
-    tag: 0.115.1
+    tag: 0.116.1
   opampBridgeImage:
     repository: ""
     tag: ""