Yes that PH is too low.
Besides that, with a light feeding and a good watering they will grow out of it, probably be a week behind 'schedule'.
Everytime i use cheap soil or overfeed my small plants, the exact same thing happens.
I would say to flush them out real good (make sure theres a shit ton of drainage holes in your pots), wait a couple days for soil to dry a bit, then a light veg feeding. They will be fine.
From my experience, EVERY time I skimp on the soil, i regret it.