Sources tell FOX 4 that the school's co-founder, former NFL star Deion Sanders, plans for Prime Prep to merge with Triple A Academy.
Just before Thursday's meeting, Sanders told FOX 4 that it was closed to the media, and that he would do an interview with us tomorrow.
Parents at the meeting also would not comment on what Sanders told them.
Triple A is a school known for its athletic dominance. Triple A stands for attitude, academics and athletics.
It opened in 2010 and is the middle and high school clusters of Focus Academies.
The school isn't too far from Prime Prep in the Oak Cliff area of Dallas.
While Sanders would not confirm the possible merger, he did post some cryptic tweets earlier Thursday, including one that says, "I made a mistake and took a LEFT and ended up RIGHT! A good man's steps are ordered by the Lord."
Hours before, he tweeted, "Until you find the strength to walk away you will continue to go thru what u go thru. Walk away and please don't look back. Do it!"
Almost since its inception in August of 2012, Prime Prep Academy has suffered financial and management issues.
Last week, Prime Prep Superintendent Ron Price announced his plan to resign at the end of January.
The school is currently under review by the state and is going through a charter revocation process.
The Texas Education Commissioner appointed a new board of managers and a new superintendent.
That group held its first meeting Thursday to decide what to do about the troubled Prime Prep in Dallas and Fort Worth.
Prime Prep is challenging the appointment of that board, saying that by law, the T.E.A. can only do that after a charter is revoked.
As for the charter revocation, a hearing is set to determine that on Monday.
This is not the first time that there's been talk of a Prime Prep merger -- in August, Sanders and Pastor Armond W. Brown of A.W. Brown Fellowship Leadership Academy talked about consolidating their schools, but that dissolved.
Back then, there was a similar secret parent meeting in which Sanders encouraged parents of fourth through eighth graders to switch schools, and 120 students did.
If a potential merger falls through and the charter is revoked, Prime Prep's 187 students in Fort Worth and 107 in Dallas could enroll in other charter schools or be absorbed into public schools.
FOX 4 is told that Triple A Academy could easily absorb the Dallas campus.
There's no word on what would happen to the students at the Fort Worth campus.