H1B extension & Rejection Case Scenario

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Hi, Greeting for the Day !
I filed my H1B extension on normal processing in March month and my 1-94 also expired on 240 days Grace period.

I'm planning to convert that petition into Premium, I wanted to check the worst-case scenario as if my H1B extension is rejected.

Can I file another petition with a new employer after the H1B is rejected? [I heard, because of covid 19 we can say up to 2 months after the H1B is rejected and I can file a petition in that 2 months]
Your suggestions/inputs are greatly appreciated. Thanks in Advance.
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