Former IBF heavyweight champion 'Prince' Charles Martin is ready to get back on the horse after suffering the third defeat of his career last Saturday night in Hollywood, Florida. (photo by Ryan Hafey)

Martin faced dangerous contender Luis Ortiz in an IBF eliminator.

After five rounds, everything seemed to be going Martin's way - as he was boxing well and dropped Ortiz twice.

However, everything changed in the sixth when Ortiz landed a tremendous left hand to the chin and Martin was out on his feet. He was dropped twice before the contest was waved off.

At 35-years-old, Martin has no intention of walking away from the sport. He plans to push forward with another run to secure a world title shot.

A tune-up fight is already being planned to take place in the coming months.

"Retirement is not a consideration," Martin's manager Mike Borao told Sky Sports. "Charles was winning the fight comfortably and got caught with a perfect punch. As history shows, it can happen to anyone. There are plenty of options available to Charles that can reverse the trajectory of his career overnight - Deontay Wilder, Andy Ruiz Jr, Joseph Parker, Derek Chisora or perhaps a rematch with Adam Kownacki.

"There is no doubt Charles is a top 15 heavyweight that is capable of beating anyone on any given night, as he demonstrated this weekend by flooring Ortiz twice and leading on the scorecards. Recently, Robert Helenius lost to Gerald Washington only to come back with two massive wins over Kownacki that put him back into title contention. Charles is capable of doing exactly the same thing.

"Twenty-three months of inactivity during the pandemic certainly didn't help so Charles will take a deserved vacation with his family and come back with a tune-up bout in late-March or early-April. He will make one more run at the title."