H1B withdrawn- Please help!


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Hi, I worked on H1B for two years (It was a COS from F1 to H1B). I wanted to study more and hence got my F1 approved again through the consular process by traveling back to India.

I have my F1 approved now and will resign this week. My employer is going to withdraw my H1B petition. Can I reuse the remaining H1B years after graduation, and be cap-exempt?

I am confused if it gets revoked or withdrawn and how to use the remainder of the years (4 years) after graduation. 

Please help!

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