Consequences of L1B to L1A conversion

#1
Hi, My current L1B Visa already expired in March 2018 and I am staying in USA on I94 which is valid till Aug 2020. I am planning to apply for L1B to L1A conversion this year before my 4.5 year are completed on L1B. In case this conversion is rejected by USCIS, can i continue my stay on I94 which is valid till next year? Thanks
 
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