CNN — Florida Gov. Ron DeSantis, who entered the Republican presidential primary as Donald Trump’s greatest threat, announced Sunday that he is ending his White House bid and endorsing the former president.

His announcement, made in a video posted on X, comes after a disappointing second-place finish in last week’s Iowa Republican caucuses.

“If there was anything I could do to produce a favorable outcome, more campaign stops, more interviews, I would do it, but I can’t ask our supporters to volunteer their time and donate their resources if we don’t have a clear path to victory. Accordingly, I am today suspending my campaign,” DeSantis said.

He then touted his support for Trump: “While, I’ve had disagreements with Donald Trump, such as on the Coronavirus pandemic and his elevation of Anthony Fauci, Trump is superior to the current incumbent Joe Biden. That is clear.”

“I signed a pledge to support the Republican nominee and I will honor that pledge. He has my endorsement, because we can’t go back to the old Republican guard of yesteryear or repackaged form of warmed-over corporatism that Nikki Haley represents,” he said.

His departure leaves former South Carolina Gov. Nikki Haley as the lone Trump alternative in the race but without much time to consolidate support and catch up to the front-runner.

DeSantis’ decision came after days of conversations with donors. It became clear over the weekend that there was neither the rationale nor the financial support to continue his candidacy.

DeSantis and his wife Casey made the decision Sunday afternoon, surprising many of his rank-and-file staffers and supporters.

DeSantis called top donors personally and told them that he had woken up that morning and decided there was no path to winning and it was time to get out, two Republican donors with knowledge of the calls told CNN.

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