Navan is pursuing an initial public offering at the close of the company, targeting a valuation of $6.45 billion

Corporate travel management company Navan – formerly generally known as TripActions – has applied updated IPO documents with the U.S. Securities and Exchange Commission on Friday, despite the fact that the federal government is currently closed.

Navan is complying with latest SEC rules that allow would-be public corporations that are in limbo to submit updated information, including share counts and prices, and have their reports mechanically approved inside 20 days without staff review. Once submissions are deemed successful, Navan will have the opportunity to launch the traveling event. However, this rule does not mean that employees cannot ask questions or request corrected documents later.

Navan declined to comment to TechCrunch on the updated IPO documents.

It was originally thought that closing the stock exchange would cool and possibly freeze the IPO market, which had only just begun to thaw. Sources say that even with this rule, many corporations would reasonably get the green light from an worker than go it alone Bloomberg. So the tech world shall be watching to see how Navan’s gambit plays out.

Navan’s updated filing shows the company plans to sell 30 million shares, with insiders selling an additional 7 million. Its price was estimated at $24-26. In the best-case scenario, the company would raise greater than $960 million and be valued at $6.45 billion. Navan is supported by Lightspeed, Andreessen Horowitz, Zeev Ventures and Greenoaks.

According to the updated report, Navan generated trailing 12-month revenues of $613 million (up 32%), with losses of $188 million.