Mitt Romney will be the Republican nominee for President – everybody knows it. After sweeping five primaries last Tuesday, it’s pretty much a done deal. But Newt Gingrich is taking his time exiting the 2012 GOP Presidential Primary race. At an event in North Carolina last week, Gingrich told supporters that his campaign “will go bye-bye,” but didn’t officially drop out of specify a date for dropping out.

It was widely speculated that Gingrich would officially announced the suspension of his campaign on Tuesday – and he has, kind of. He posted a YouTube video to his supporters, announcing that he will officially suspend his Presidential campaign at a press event on Wednesday.

“I wanted you to know first, because your help was vital. We had nearly 180,000 people who donated to the campaign. We had thousands more who worked as volunteers. We had two and a half million voters, all coming together at a grassroots level to try to fight for a better America.”

Gingrich went on to praise a “terrific campaign” and says that he will continue to tour and campaign (for Romney, we assume).

“When we do announce officially on Wednesday that we’re suspending the campaign, it’ll be with great thoughts of those who were with us side by side all these months. And we want you to know that without you, none of this would have been possible,” he closed.

Check it out below:

According to filings, the Gingrich campaign was $4.3 million in debt by the end of March. It’s expected that when Gingrich officially drops out, he will throw his support behind Mitt Romney.