diff --git a/.gitignore b/.gitignore
index 43c6b0e..22f4681 100644
--- a/.gitignore
+++ b/.gitignore
@@ -8,3 +8,4 @@
 /libpsm2-11.2.86.tar.gz
 /libpsm2-11.2.185.tar.gz
 /libpsm2-11.2.206.tar.gz
+/PSM2_11.2.229.tar.gz
diff --git a/libpsm2.spec b/libpsm2.spec
index 451e4d9..3f14a16 100644
--- a/libpsm2.spec
+++ b/libpsm2.spec
@@ -52,17 +52,12 @@
 #
 Summary: Intel PSM Libraries
 Name: libpsm2
-Version: 11.2.206
-Release: 3%{?dist}
+Version: 11.2.229
+Release: 1%{?dist}
 License: BSD or GPLv2
 URL: https://github.com/cornelisnetworks/opa-psm2/
 
-# The tarball can be created by:
-# git clone https://github.com/cornelisnetworks/opa-psm2.git
-# cd opa-psm2
-# git checkout c3a7d9468d5623c0164b783346bada8664a9a2c9
-# make dist
-Source0: %{name}-%{version}.tar.gz
+Source0: https://github.com/cornelisnetworks/opa-psm2/archive/refs/tags/PSM2_%{version}.tar.gz
 
 # The OPA product is supported on x86_64 only:
 ExclusiveArch: x86_64
@@ -101,7 +96,7 @@ Development files for the Intel PSM library
 Support for MPIs linked with PSM versions < 2
 
 %prep
-%setup -q
+%setup -q -n opa-psm2-PSM2_%{version}
 
 %build
 %{set_build_flags}
@@ -147,6 +142,9 @@ rm -f %{buildroot}%{_libdir}/*.a
 %endif
 
 %changelog
+* Tue Aug 02 2022 Michal Schmidt <mschmidt@redhat.com> - 11.2.229-1
+- Rebase to upstream release PSM2_11.2.229
+
 * Thu Jul 21 2022 Fedora Release Engineering <releng@fedoraproject.org> - 11.2.206-3
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_37_Mass_Rebuild
 
diff --git a/sources b/sources
index e893cdb..3fbcd9e 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (libpsm2-11.2.206.tar.gz) = 87beb20a2b16fe4e233cdaa68a000470d6fe55e2b26131372caddf0cfb050e5e55320677ee25dfb7274ab067e3911b2729cd4ff71c158218c36a9f8815b51bb8
+SHA512 (PSM2_11.2.229.tar.gz) = d1d4559ec8967558c7da172921b39613f3c9e150aac5a42dfba1777595a5b51f71b17521535eab02f23da4edd6b185be66e6c62569b54844a6c4a9456072d7ab