Former New York City Mayor Mike Bloomberg, who briefly shook up the race for the Democratic nomination for President as he spent more than half a billion dollars in less than four months pursuing his long-shot campaign, has dropped out of the race after failing to win more than a handful of delegates in the Super Tuesday primary contests, according to a statement his campaign released Wednesday morning.

In his statement he endorsed Vice President Joe Biden.

“I’ve always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday’s vote, it is clear that candidate is my friend and a great American, Joe Biden," Bloomberg said. “I’ve known Joe for a very long time. I know his decency, his honesty, and his commitment to the issues that are so important to our country – including gun safety, health care, climate change, and good jobs."

“Three months ago, I entered the race for President to defeat Donald Trump. Today, I am leaving the race for the same reason: to defeat Donald Trump – because it is clear to me that staying in would make achieving that goal more difficult," the statement, which you can read in full below, added.

Bloomberg had earned just a few dozen delegates in the Super Tuesday primaries as results allocating them were still being finalized Wednesday. With a 15 percent threshold necessary to win any delegates, Bloomberg appeared to have only crossed that line in four of the 14 states and one U.S. territory that held primaries. The only contest he won was from the caucus from American Samoa -- which also awarded one delegate to candidate Congresswoman Tulsi Gabbard, who represents Hawaii.