A record reverse merger deal between Lucid Motors and Churchill Capital Corp IV sent shares of the SPAC run by well-known investor Michael Klein tumbling in early trading Tuesday.Shares of the special purpose acquisition company, or SPAC, were down by as much as 46% to less than $31 a share. The stock was trading at $41.95 a share as of 10:50 a.m. Tuesday.The drop comes after shares of Churchill rose by more than 470% after it was first reported that the companies were in talks for a merger last month. In formally announcing the deal Monday night, the companies confirmed a delay …
