Bob Krumm is doing one final fund raiser to keep Thompson in the race.

[Update at 2:30 PM Eastern]

He’s out:

“Today I have withdrawn my candidacy for President of the United States. I hope that my country and my party have benefited from our having made this effort. Jeri and I will always be grateful for the encouragement and friendship of so many wonderful people.”

Not a surprise, but disappointing nonetheless.