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Herman Cain announced early Saturday that he is suspending his bid for the Republican presidential nomination, choosing to end his campaign after weathering weeks of scrutiny over alleged sexual misconduct and accusations of an extramarital affair.

“As of today, with a lot of prayer and soul searching, I am suspending my presidential campaign,” Cain said at an appearance outside his campaign headquarters in Atlanta. “I am suspending my presidential campaign because of the continued distraction, the continued hurt caused on me and my family. Not because we are not fighters.”

Cain said he’s launching a “plan B” of his public career, a new policy-oriented website called TheCainSolutions.com. He said he will endorse a Republican candidate for president “in the near future.” His announcement could lead to the effective end to his campaign, but technically leaves open the option of reviving his bid for the presidency.

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