H1B Transfer denied after I-94 expired

Hi,

Would like to know the answer to the following situation.

Let’s say you’re just in the third year of H1B and applied for a transfer and started working for the new employer using the receipt notice.

Now If the transfer is denied after the I94 expiry date, can we go back to the home country and file a new petition from there without being subject to the H1B lottery ?

can we go back to the home country and file a new petition from there without being subject to the H1B lottery ?

Yes, you can