diff --git a/package.json b/package.json
index 4e69224..4eca952 100644
--- a/package.json
+++ b/package.json
@@ -43,7 +43,7 @@
     "@babel/cli": "^7.17.6",
     "@babel/core": "^7.17.5",
     "@babel/plugin-transform-modules-commonjs": "^7.16.8",
-    "@effect-ts/build-utils": "^0.38.2",
+    "@effect-ts/build-utils": "^0.40.5",
     "@effect-ts/core": "^0.58.0",
     "@effect-ts/tracing-plugin": "^0.19.0",
     "@types/cpx": "^1.5.2",
diff --git a/yarn.lock b/yarn.lock
index 4dac7cc..b36c7d0 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -512,16 +512,16 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@effect-ts/build-utils@npm:^0.38.2":
-  version: 0.38.2
-  resolution: "@effect-ts/build-utils@npm:0.38.2"
+"@effect-ts/build-utils@npm:^0.40.5":
+  version: 0.40.5
+  resolution: "@effect-ts/build-utils@npm:0.40.5"
   peerDependencies:
     "@effect-ts/core": ">= 0.28.9"
-    chalk: ">= 4.1.0"
     cpx: ">= 1.5.0"
+    picocolors: ^1.0.0
   bin:
     build-utils: build-utils
-  checksum: 5f04d6213077ea4d79a0dbd950f72cfd11ebe9eaa206ed4b3b0856327b1e526d943d6e19afd640c5843dd9aa8b91f37892a556c94cf3eb2d5411abd29d3ebdaa
+  checksum: 0a038595bf51a40f866473e64a0304f536f68218ed2c4f781451e90d3f6f480f6687a4678f9e4651ffcc21e3567d0deeef93b362e2534c59f30f833f90bdc88b
   languageName: node
   linkType: hard
 
@@ -4096,7 +4096,7 @@ __metadata:
     "@babel/cli": ^7.17.6
     "@babel/core": ^7.17.5
     "@babel/plugin-transform-modules-commonjs": ^7.16.8
-    "@effect-ts/build-utils": ^0.38.2
+    "@effect-ts/build-utils": ^0.40.5
     "@effect-ts/core": ^0.58.0
     "@effect-ts/tracing-plugin": ^0.19.0
     "@types/cpx": ^1.5.2