diff --git a/build.gradle b/build.gradle
index 11ee42cdc..fb4365e16 100644
--- a/build.gradle
+++ b/build.gradle
@@ -134,7 +134,7 @@ subprojects {
             // Set JVM target to 1.8
             jvmTarget = "1.8"
             // Allow use of @OptIn
-            freeCompilerArgs += "-Xopt-in=kotlin.RequiresOptIn"
+            freeCompilerArgs += "-opt-in=kotlin.RequiresOptIn"
             // Enable default methods in interfaces
             freeCompilerArgs += "-Xjvm-default=all"
         }
diff --git a/gradle.properties b/gradle.properties
index c5f6ee2fb..b403c2706 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -33,7 +33,7 @@ systemProp.org.gradle.internal.http.socketTimeout=120000
 
 GROUP=com.google.accompanist
 # !! No longer need to update this manually when using a Compose SNAPSHOT
-VERSION_NAME=0.24.7-SNAPSHOT
+VERSION_NAME=0.24.7-alpha
 
 POM_DESCRIPTION=Utilities for Jetpack Compose
 
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 51f0fed16..021ce6bdc 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -1,5 +1,5 @@
 [versions]
-compose = "1.2.0-alpha07"
+compose = "1.2.0-alpha08"
 composesnapshot = "-" # a single character = no snapshot
 
 # gradlePlugin and lint need to be updated together
@@ -7,7 +7,7 @@ gradlePlugin = "7.1.2"
 lintMinCompose = "30.0.0"
 
 ktlint = "0.42.1"
-kotlin = "1.6.10"
+kotlin = "1.6.20"
 coroutines = "1.6.0"
 okhttp = "3.12.13"
 coil = "1.3.2"