H1b i94 expired / extension in process / nearing max out/ is COS possible?

My Scenario

I94 expires on Oct 30 2020
H1b extension filed before I94 expiry
H1b decision pending
H1b max out Jan 24

Given this scenario, can I file a COS to F1 /F2
My spouse is awaiting g his F1 approval by any minute
His biometric was completed on Nov

Is there any other scenario in which I can stay back legally?

Any help will be highly appreciated… thanks in advance…

You can file COS application but the pending extension will become a bridge petition.