(CNN) Ted Cruz formally named Carly Fiorina as his vice presidential running mate Wednesday -- a last-ditch move to regain momentum after being mathematically eliminated from winning the GOP presidential nomination outright. "After a great deal of consideration and prayer, I have come to the conclusion that if I am nominated to be president of the United States that I will run on a ticket with my vice presidential nominee Carly Fiorina," Cruz said during a rally in Indianapolis. "Ted could not be more right in what he said: There is a lot at stake, and in fact, this is a fight, this is a fight for the soul of our party and the future of our nation," Fiorina said. Fiorina will work with Cruz, she said, "to restore the soul of our party, to defeat Donald Trump, to defeat Hillary Clinton and to take our country back." Ted Cruz didn't pick me because I'm a woman, Ted Cruz picked me because I'm a capable individual. Cruz’s hopes now rest in a contested convention this summer in Cleveland, where the Texas senator would hope to stop Trump on the first ballot and then win in subsequent rounds of voting thanks to support from the loyal delegates his campaign has assiduously courted.  poster="http://v.politico.com/images/1155968404/201604/1213/1155968404_4866139893001_4866010817001-vs.jpg?pubId=1155968404" true Cruz names Fiorina as VP running mate Hoping to kickstart his campaign after a string of demoralizing losses to Trump, the senator is tapping a former rival turned loyal campaign surrogate.
– Ted Cruz's big 4pm announcement? As sources told Politico in advance that he would, he named Carly Fiorina as his vice presidential running mate. "After a great deal of consideration and prayer, I have come to the conclusion that if I am nominated to be president of the United States that I will run on a ticket with my vice presidential nominee Carly Fiorina," Cruz said, per CNN. Politico calls Fiorina one of "Cruz's most loyal and active surrogates" since she ended her own presidential bid. Cruz made the announcement in Indiana, where he's campaigning this week in advance of Tuesday's primary.