No Labels is moving forward with plans to form a third-party ticket for the 2024 election even as some of its top contenders have declined a presidential bid in the wake of a likely rematch between President Joe Biden and former President Donald Trump.

The third-party group voted on Friday during a closed-door meeting to launch a presidential campaign ahead of the November contest despite pushback from both Republicans and Democrats that an alternative campaign could prove as a “spoiler” in the high-stakes election.