UPDATED: 12:05 p.m.

With 100 percent of precincts reporting, Hillary Clinton has held her slight lead over Bernie Sanders, according to The Iowa Democratic Party.

With the announcement, Clinton is the official winner with every precinct counted, although the two will come out with roughly the same number of delegates to the national convention.

Here are the final state delegate equivalents awarded:

• Clinton: 700.59
• Sanders: 696.82
• Martin O’Malley: 7.61
• Uncommitted: .46

UPDATED: 2:35 a.m.

The Iowa Democratic Party has officially announced Hillary Clinton as the winner of the Iowa Democratic Caucuses.

In a press release sent out at 2:27 a.m., Dr. Andy McGuire, chair of the Iowa Democratic Party, said in a statement that the results were the closest in Iowa Democratic Party history.

Hillary Clinton finished first with 699.57 state delegate equivalents, Bernie Sanders second 695.49 state delegate equivalents, Martin O’Malley third with 7.68 state delegate equivalents and uncommitted voters had .46 state delegate equivalents.

One remaining precinct in Des Moines has yet to report results, but only 2.28 state delegate equivalents are up for grabs — even a Sanders win in the precinct would not put him over the top of Clinton.

“Hillary Clinton has won the Iowa Caucus. After thorough reporting – and analysis – of results, there is no uncertainty and Secretary Clinton has clearly won the most national and state delegates,” Clinton’s Iowa State Director Matt Paul said in a statement “Statistically, there is no outstanding information that could change the results and no way that Senator Sanders can overcome Secretary Clinton’s advantage.”

ORIGINAL STORY

The Democratic Caucus between Hillary Clinton and Bernie Sanders was too close to call Monday night — although Clinton had a slim lead — as both candidates addressed supporters before major news networks would make projections.

As of press time at midnight Wednesday, Clinton had 683 delegates to Sanders’ 680 with 98 percent reporting.

“It certainly indicates this race is very close,” said Mack Shelley, university professor of political science. “We sort of knew that going in. It does indicate that the Clinton campaign has a harder time spinning this.”

The Clinton campaign declared “victory” when talking to reporters before Clinton’s speech.

“I think given that Hillary Clinton was seen not that long ago that almost guaranteed to win the nomination easily, I don’t think that the claim that it’s a victory is going to sit very well.” 

Shelley said Clinton will have to prove herself in New Hampshire, where she is currently running behind Sanders in the polls.

“Sanders can claim to have the momentum in the sense that he fought what at one point was an inevitable nominee for the party,” Shelley said. “Neither of them can claim a clear victory; Sanders can claim momentum, Clinton can claim she won by a whisker.”

Throughout the state, several dozen precincts were not reporting results, which could prove pivotal with the close results. Both the Republican and Democratic parties were using a new app designed by Microsoft to expedite the reporting process.

In Story County, Sanders overwhelmingly won the college vote. Sanders won every precinct that included mostly college students.

O’Malley, who decided to suspend his campaign, picked up 8 delegates — within the margin of votes between Clinton and Sanders.

The Des Moines Register/Bloomberg Politics Iowa Poll released this past weekend showed Clinton at 45 percent and Sanders at 42 percent — within the margin of error.

Speaking to supporters in Des Moines — with former President Bill Clinton and daughter Chelsea Clinton by her side  — Clinton did not declare victory, or concede defeat, but said it is “rare” to have “a real contest of ideas” inside the Democratic Party.

“I am excited about really getting into the debate with Senator Sanders about the best way forward to fight for us and America,” Clinton said, looking forward to upcoming debates and forums before next week’s primary in New Hampshire.

“There is so much at stake in this election,” Clinton said. “I am a progressive who gets things done for people.”

Also speaking in Des Moines, Sanders did not declare victory, instead saying the results were a “victory.”

“What Iowa has done tonight is a political revolution,” Sanders said. “While the results are still not known, we are in a virtual tie.”

News organizations broadcasting wall-to-wall coverage would not make a projection on the race because of the close delegate count, but with proportional delegates given based on results, each candidate will walk away with about the same number.

While Iowa was close, all eyes are now on New Hampshire, which holds the first primary next week. Even without knowing full results, Sanders sent an email to supporters, which included a link to send in donations.

“Tonight we accomplished what the corporate media and political establishment once believed was impossible: after trailing Hillary Clinton in Iowa throughout this entire campaign, it looks as if we will leave the state with roughly the same number of delegates,” he wrote. “I want to be clear with you about what this really means. Tonight’s result is a victory for our political revolution. We have proved that when people come together, anything is possible.”

Sanders addressed a raucous crowd at a Holiday Inn, touting progressive positions that have fired up supporters this cycle such as universal health care, free college and reforming the campaign finance system.

“The government of our great country belongs to all of us,” Sanders said. “We will transform this country.”

The close results also narrowed the field, as O’Malley picked up less than 1 percent of support and suspended his campaign for president.

The Daily’s Alex Hanson contributed from Ames; Shannon McCarty and Madison Tuttle contributed from Des Moines.