Republican presidential candidate Ryan Binkley dropped out of the race on Tuesday and immediately endorsed former President Donald Trump. 

"Today, I am suspending my campaign for the Presidency of the United States of America and offering my endorsement and unwavering support for President Trump," Binkley wrote on X. 

Binkley, a Texas pastor and businessman turned presidential candidate, thanked his family, friends, campaign team, more than 80,000 financial supporters and the hundreds of volunteers. 

Republican presidential candidate Ryan Binkley attends a rally with Vivek Ramaswamy at the Iowa State Capital building hosted by Free Soil to oppose building a CO2 pipeline on Jan. 10, 2024, in Des Moines, Iowa. (Scott Olson/Getty Images)

"When I began this journey, it was with a message in my heart that our country needs to awaken to the fact that the unsustainable deficit spending and debt path we are on will undoubtedly lead us to a generational economic disruption," he continued. "I believe that we can get off that path and begin a journey to balance the federal budget by transforming and demonopolizing the healthcare system which has been bankrupting our nation. I also felt deeply that as bad as the U.S. fiscal and monetary policy is, the political corruption and cultural divide in our country is an even greater threat. Throughout my campaign, I have seen our party struggle to find a place for a new vision while weighing the corrupt allegations and indictments against President Trump. He will need everyone’s support, and he will have mine moving forward." 

Binkley, the co-founder and current CEO/president of Generational Equity Group, a merger and acquisitions business advisory in Texas, announced his bid in April of last year.

"Currently our nation is lost, divided, and in financial trouble. Here’s the good news: united, we can rise to change it as we restore our faith in God, freedom, and each other," Binkley’s website said.

Binkley’s campaign focused on issues like immigration reform and border controls, boosting the economy, privatizing healthcare, utilizing cheap energy sources like nuclear energy, and supporting pro-life policies.