No.
PERM needed to filed before the 5th year of H1, and then you can get 1-year extension beyond 6th year, one year after another. I-140 status (except denial) doesn't matter in this case.
Or if your I-140 is approved and visa cutoff date is not current, you can have 3-year extension, one extension after another. whether 365 days have lapsed doesn't matter in this case.
PERM needed to filed before the 5th year of H1, and then you can get 1-year extension beyond 6th year, one year after another. I-140 status (except denial) doesn't matter in this case.
Or if your I-140 is approved and visa cutoff date is not current, you can have 3-year extension, one extension after another. whether 365 days have lapsed doesn't matter in this case.