diff --git a/Cargo.lock b/Cargo.lock
index e5b2b62b1..33caefed0 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1565,7 +1565,7 @@ dependencies = [
  "quickcheck",
  "rand 0.10.2",
  "smallvec",
- "spin 0.12.2",
+ "spin 0.12.3",
  "thiserror",
  "tracing",
  "tracing-core",
@@ -1635,7 +1635,7 @@ dependencies = [
  "hyperlight-libc",
  "linkme",
  "log",
- "spin 0.12.2",
+ "spin 0.12.3",
  "tracing",
 ]
 
@@ -1654,7 +1654,7 @@ name = "hyperlight-guest-tracing"
 version = "0.16.0"
 dependencies = [
  "hyperlight-common",
- "spin 0.12.2",
+ "spin 0.12.3",
  "tracing",
  "tracing-core",
 ]
@@ -3596,9 +3596,9 @@ checksum = "d5fe4ccb98d9c292d56fec89a5e07da7fc4cf0dc11e156b41793132775d3e591"
 
 [[package]]
 name = "spin"
-version = "0.12.2"
+version = "0.12.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8abadc99fd9c7bbb7d0ca2b31d72a067d0c0dcd7aad25ab8cac71ba91417694b"
+checksum = "0134f9043ed38b087ac4f7d4af44c79e2c9e5094421fe3164f435ce585953b10"
 dependencies = [
  "lock_api",
 ]