Long-shot Republican presidential candidate Larry Elder announced Thursday evening that he had suspended his campaign and immediately endorsed former President Donald Trump.

In a statement, Elder expressed gratitude for his supporters and said he was honored by their enthusiasm and grassroots support. He further explained that after assessing his campaign and the state of the race, he had made the "difficult decision" to suspend his campaign.

"Throughout my campaign, I have been steadfast in my belief that the biggest issues facing our nation are the crisis of fatherlessness, the dangerous lie that America is systemically racist, the need for an amendment to the constitution to set federal spending to a fixed percentage of the GDP — otherwise government gets bigger whether Republicans or Democrats are in charge, and the need to remove the Soros-backed DAs across the country who refuse to enforce the law," he said in a statement.

"The breakdown of the family structure and the absence of positive father figures in the lives of many children have far-reaching consequences for our society, including the crime wave we are currently seeing in America today," he continued. "I hope that my campaign has helped shine a light on these critical issues and sparked important conversations about how we can solve them."

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Larry Elder speaks during a campaign event in New Hampshire in July.

Larry Elder speaks during a campaign event in New Hampshire in July. (Fox News Digital/Paul Steinhauser)

Elder — a conservative talk radio host who previously ran as a recall candidate to replace Democratic California Gov. Gavin Newsom — announced he would run for president in April during an interview with Fox News. He explained that he believed he had a "moral, religious and a patriotic duty" to enter the race.

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In August, Elder made waves after he threatened to sue the Republican National Committee (RNC) for not including him in the first GOP debate. While the RNC determined Elder had failed to meet the required threshold for number of individual donors and polling, he accused them of purposely silencing him.

"I said from the beginning that it appeared the rules of the game were rigged, little did we know just how rigged it is. For some reason, the establishment leaders at the RNC are afraid of having my voice on the debate stage," he said in an X post at the time.

However, according to the latest polls, Elder's support continues to hover at between 0-1%.

And in his statement Thursday, Elder called for Republicans to rally around Trump as their presidential candidate.

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"Now that I am exiting the race, I am proud to announce my endorsement of Donald Trump for President of the United States. His leadership has been instrumental in advancing conservative, America-first principles and policies that have benefited our great nation," Elder said. "We must unite behind Donald Trump to beat Joe Biden and fight back against Biden’s unprecedented election interference and the left’s destruction of America.

"I want to thank my supporters, volunteers, and donors who invested their time, energy, and resources in this campaign. From Iowa to New Hampshire to Nevada and beyond, I am grateful for the opportunity to have met so many incredible Americans who share our values."