H1B Transfer while Extension is in processing


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Hi Team,

This is regarding H1B transfer while current H1B is in extension. My visa & i94 expired on 08/10/19 and extension of visa is in process (applied to USCIS in July in normal processing and got receipt number).
So, my question is can i now look for a new employer and initiate H1 transfer while my H1 extension is in processing with only receipt number?

If yes, what will be the major challengers here?

Edited by rakee@1234
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