Democratic presidential candidate businessman Tom Steyer waves Friday, Feb. 7, 2020, before the start of a Democratic presidential primary debate hosted by ABC News, Apple News, and WMUR-TV at Saint Anselm College in Manchester, N.H. (AP Photo/Charles Krupa)

According to multiple media outlets, Tom Steyer will dropping out of the presidential race after a third place and zero-delegate performance in South Carolina.

I’m told, per a source familiar, that Tom Steyer will be dropping out any minute now

— Yashar Ali 🐘 (@yashar) March 1, 2020

Just breaking on @MSNBC: Tom Steyer is ending his presidential campaign.

— Kyle Griffin (@kylegriffin1) March 1, 2020

Steyer is currently projected to come in third place in South Carolina, but below the 15% threshold needed to win any delegates whatsoever.

Steyer spent his own millions to bolster his numbers in the campaign but has had no sort of a victory – not even a single delegate – to show for it. There is no expected announcement from Steyer on who he may endorse, but that could change after Tuesday’s major multi-state primary.