diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index 0a3c1aa7..af48ff49 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -83,7 +83,7 @@ jobs:
       - run: python -m pip install Django~="${{ matrix.django-version }}.0"
       - run: python -m pip install -e .[test]
       - run: python -m pytest -m "not selenium"
-      - uses: codecov/codecov-action@v4
+      - uses: codecov/codecov-action@v5
 
   Selenium:
     needs:
@@ -109,4 +109,4 @@ jobs:
       - run: python -m pip install Django
       - run: python -m pip install -e .[test,selenium]
       - run: python -m pytest -m selenium
-      - uses: codecov/codecov-action@v4
+      - uses: codecov/codecov-action@v5
diff --git a/django_select2/static/django_select2/django_select2.js b/django_select2/static/django_select2/django_select2.js
index 01db20b5..935033d3 100644
--- a/django_select2/static/django_select2/django_select2.js
+++ b/django_select2/static/django_select2/django_select2.js
@@ -68,7 +68,11 @@
   }
 
   $(function () {
-    $('.django-select2').djangoSelect2()
+    $('.django-select2').not('[name*=__prefix__]').djangoSelect2()
+
+    document.addEventListener('formset:added', (event) => {
+        $(event.target).find('.django-select2').djangoSelect2()
+    })
   })
 
   return $.fn.djangoSelect2
diff --git a/linter-requirements.txt b/linter-requirements.txt
index 459cdbb8..2713c027 100644
--- a/linter-requirements.txt
+++ b/linter-requirements.txt
@@ -1,5 +1,5 @@
-bandit==1.7.9
-black==24.8.0
+bandit==1.8.0
+black==24.10.0
 flake8==7.1.1
 isort==5.13.2
 pydocstyle[toml]==6.3.0